• Daily: Price is nearing the upper boundary of a rising wedge pattern — showing signs of overextension.
• 4H: Strong bullish structure with clean breaks and retests of minor consolidation ranges.
• 1H: Small range developing after recent high. A deeper pullback to 22,960–22,880 would offer a cleaner entry for continuation.
⚠️ Watch For:
• Wedge resistance on the daily chart.
• Bullish continuation only valid above 23,040.
• If we break below the 4H support zone (around 22,880), short-term pullbacks are likely.
• 4H: Strong bullish structure with clean breaks and retests of minor consolidation ranges.
• 1H: Small range developing after recent high. A deeper pullback to 22,960–22,880 would offer a cleaner entry for continuation.
⚠️ Watch For:
• Wedge resistance on the daily chart.
• Bullish continuation only valid above 23,040.
• If we break below the 4H support zone (around 22,880), short-term pullbacks are likely.
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.
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.