🔹 Price rebounded strongly from key support at $116,400
🔹 Approaching breakout zone near $119,500
🔹 Descending trendline and multiple rejection wicks being tested
🔹 Bullish momentum building — RSI rising, MACD stabilizing, volume uptick visible
🔹 ADX shows trend strength picking up
📈 If breakout confirmed above $119,500:
🎯 TP1: $122,000
🎯 TP2: $127,000
🎯 TP3: $135,000
📉 Below $116,400 = invalidation
Bias: Bullish above $119,500, cautious until breakout confirms.
🔹 Approaching breakout zone near $119,500
🔹 Descending trendline and multiple rejection wicks being tested
🔹 Bullish momentum building — RSI rising, MACD stabilizing, volume uptick visible
🔹 ADX shows trend strength picking up
📈 If breakout confirmed above $119,500:
🎯 TP1: $122,000
🎯 TP2: $127,000
🎯 TP3: $135,000
📉 Below $116,400 = invalidation
Bias: Bullish above $119,500, cautious until breakout confirms.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.