After a long period of price compression within a parallel descending channel we have now witnessed a Break of Structure (BOS) to the upside, signaling a potential trend reversal
Key Observations
Parallel Channel Breakout The price broke out of the descending channel with strong bullish momentum.
BOS (Break of Structure): Confirmed at the lower end, initiating a shift in market sentiment.
Consolidation Zone Price is currently ranging between 148.45 and 157.53 building strength for the next move
Support Levels: Key support zones identified at 142.40, 136.75, and 129.89
Resistance Levels: Potential targets sit at 157.53, 165.80, and 178.51
Possible Scenarios
1. Bullish Breakout Scenario
If price holds above 148.45 and breaks out of the current consolidation zone, we may see a strong push towards 157.53, then 165.80, and potentially 178.51.
Ideal entries could be sought on a confirmed breakout retest of the 148.45–157.53 zone.
2. Bearish Pullback Scenario:
If price fails to hold 148.45, we may revisit the support zones, especially 142.40 and 136.75, for possible buy opportunities from lower.
Key Observations
Parallel Channel Breakout The price broke out of the descending channel with strong bullish momentum.
BOS (Break of Structure): Confirmed at the lower end, initiating a shift in market sentiment.
Consolidation Zone Price is currently ranging between 148.45 and 157.53 building strength for the next move
Support Levels: Key support zones identified at 142.40, 136.75, and 129.89
Resistance Levels: Potential targets sit at 157.53, 165.80, and 178.51
Possible Scenarios
1. Bullish Breakout Scenario
If price holds above 148.45 and breaks out of the current consolidation zone, we may see a strong push towards 157.53, then 165.80, and potentially 178.51.
Ideal entries could be sought on a confirmed breakout retest of the 148.45–157.53 zone.
2. Bearish Pullback Scenario:
If price fails to hold 148.45, we may revisit the support zones, especially 142.40 and 136.75, for possible buy opportunities from lower.
Trade attivo
Hard work, focus, and a never-quit attitude brought us here — and this is just the beginning!
Today, we celebrate the first milestone on a long journey of growth, goals, and greatness.
This win is not just a number — it's a reminder that we're on the right path.
To everyone who believed, supported, and pushed — THANK YOU.
The fire is lit, and we're only going up from here.
Bigger goals ahead. Bigger dreams to chase.
Let’s keep grinding, stay humble, and aim higher than ever.
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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.