HOOD: Higher-Degree Wave (5) Has StartedRobinhood Markets, Inc. Class ABATS:HOODpricewerkHOOD | Robinhood Markets | 1D Core Idea HOOD has confirmed the bullish setup. The larger Wave (4) correction appears complete, and price is now clearly showing the start of the higher-degree Wave (5). The move away from the 64-68 support region has developed impulsively, and the recent strength above 100 confirms that buyers are back in control. Elliott Wave Structure The preferred count treats the decline into the 64.148 area as the completion of Wave (4). From that low, HOOD has started a new impulsive sequence to the upside. The current rally is best interpreted as the early phase of Wave (5). Key structure: Wave (4) low: 64.148 invalidation area Reclaim zone: 83.957 Current breakout area: above 100 Major confirmation: 153.604 As long as price holds above the Wave (4) low, the higher-degree Wave (5) count remains valid. Confirmation The setup is already confirmed by the strong impulsive reaction from the Wave (4) base. The next major confirmation comes above 153.604. A breakout above that level would confirm a new higher high above Wave (3) and fully activate the larger Wave (5) expansion. Key Levels 108.650: current breakout area 83.957: first important support 67.588: deeper support inside the former Wave (4) base 64.148: invalidation of the preferred bullish count 153.604: major breakout confirmation 293.8: 1.618 Wave (5) extension 347.7: 2.0 Wave (5) extension Bullish Scenario If HOOD holds above 83.957, the structure remains strongly bullish. A direct continuation above the current breakout area would open the path toward 153.604. Once that level breaks, the larger Wave (5) move becomes fully confirmed. The projected Wave (5) target zone sits between 293.8 and 347.7. Pullback Scenario Even if HOOD pulls back from the current breakout, the structure remains constructive as long as price holds above 83.957. A deeper retest into 67.588 to 64.148 would weaken momentum, but the count is only invalidated below 64.148. Trading Interpretation This is no longer a waiting setup. The market has already reacted from the Wave (4) base and is showing the first impulse of the higher-degree Wave (5). Pullbacks should now be judged as potential continuation setups as long as the key support structure remains intact. Conclusion HOOD has likely completed Wave (4), and the higher-degree Wave (5) is already underway. The next key level is 153.604. Above that, the chart opens toward the larger extension zone between 293.8 and 347.7. Below 64.148, the bullish Wave (5) count is invalidated.