📉 SANTOS Update: TP1 Hit with 8.14% Move; First Leg Completed!

04/30/2026 10:03

⚡️ Market / Price Context

SANTOS is currently developing within a structured corrective framework on the 4-hour timeframe. The chart shows a sequence of price movements that may provide insight into the next phase of market direction, making it a notable setup for technical traders.

📈 Chart Explanation

The chart presents a completed ABC pattern that previously pushed price to higher levels. Following that advance, an impulsive move created the foundation for a new ABC corrective structure. Based on the current roadmap, this correction is attempting to bring price back toward the origin of the prior move.

The focus now shifts to the potential wave (b) retracement, which could offer a technically favorable area for market participation before the next corrective leg unfolds.

📈 Outlook

As long as the corrective structure remains valid, attention stays on the development of wave (b) and the potential progression toward wave (c). The next key move will depend on how price reacts during the ongoing retracement phase.

Updates

05/06/2026 15:21

📣 SANTOS Trade Update: First Move Delivered

SANTOS has delivered a clean move according to plan, reacting precisely at the projected zone and confirming the initial phase of the setup.

The reaction shows that sellers are stepping in as expected, validating the structure and giving confidence in the ongoing formation.

🎯 TP1 Hit: +8.14% Move

The first target has now been reached, delivering an 8.14% move from the entry.

This move represents the first leg of a potential ABC pattern, which often unfolds in multiple stages rather than a single straight move.

💰 Trade Management: Secure and Stay Positioned

At this stage, the smart approach is to book partial profits, typically around 50%, to secure gains early.

This allows traders to “pay themselves” while keeping the remaining position active for further downside. The rest of the trade can then be managed with reduced or no risk.

📈 What’s Next for SANTOS?

If the ABC structure continues to develop, the market may see a temporary pullback (B wave) followed by another leg downward (C wave).

This would provide further opportunities as the structure unfolds, but confirmation will be key before expecting continuation.