TLM Impulsive Move Followed by Demand RetestTLM printed a strong impulsive breakout after a long consolidation phase, creating a clear displacement to the upside. Following this move, price entered a corrective phase and is now pulling back toward a well-defined demand zone formed between the Fibonacci retracement levels.
This zone represents a healthy retracement area rather than immediate weakness. As long as price holds above this demand region and shows stabilization, continuation toward higher resistance levels remains possible, including a retest of the recent highs and extension toward the upper resistance around zero point zero zero four.
If price fails to hold this demand zone, the correction could deepen toward the lower support levels below zero point zero two one, invalidating the bullish continuation scenario.
This setup is based on impulse–retracement structure, demand reaction behavior, and Fibonacci confluence. Confirmation from this zone will define the next directional move.
