📝 Description
📌On the Weekly Chart (Left) – Price action has formed a strong counter-trend (CT) breakout from a prolonged downtrend. Hidden within the structure is a parallel channel (highlighted in pink), with volume gradually increasing in the recent rally — a positive sign of accumulation.
📌On the Monthly Chart (Right) – A Fibonacci retracement drawn from the Feb 2023 low to the Feb 2024 high (a one-year strong uptrend) shows price taking support exactly at the 61.8% Golden Ratio. This reaction from a key retracement zone is aligned with historical technical behavior.
This is not a forecast, but rather a technical observation of structure, retracement behavior, and volume dynamics.
📌On the Weekly Chart (Left) – Price action has formed a strong counter-trend (CT) breakout from a prolonged downtrend. Hidden within the structure is a parallel channel (highlighted in pink), with volume gradually increasing in the recent rally — a positive sign of accumulation.
📌On the Monthly Chart (Right) – A Fibonacci retracement drawn from the Feb 2023 low to the Feb 2024 high (a one-year strong uptrend) shows price taking support exactly at the 61.8% Golden Ratio. This reaction from a key retracement zone is aligned with historical technical behavior.
This is not a forecast, but rather a technical observation of structure, retracement behavior, and volume dynamics.
🎯 Master My Self-Made Trading Strategy
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📈 Telegram (Learn Today): t.me/hashtaghammer
✅ WhatsApp (Learn Today): wa.me/919455664601
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
🎯 Master My Self-Made Trading Strategy
📈 Telegram (Learn Today): t.me/hashtaghammer
✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
✅ WhatsApp (Learn Today): wa.me/919455664601
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.