Strong impulsive move up.
Price started forming a rising channel.
After tapping upper channel resistance, momentum faded.
Now we’re seeing a controlled bearish pullback inside the structure.
That red leg down shows short-term bearish pressure — lower highs forming on the intraday scale.
📉 Current Situation
Price is sitting around 68,800–69,000 zone, which is:
Near the lower channel trendline
At a marked horizontal support / prior resistance flip area
This is a decision zone.
🐂 Bullish Scenario
If price:
Holds above 68,700–68,800
Prints higher lows on lower timeframe
Breaks back above 69,500–69,800
Then we could see a push toward:
70,300
71,000
Possibly upper channel resistance again
This would confirm the channel is still respected.
🐻 Bearish Scenario
If price:
Breaks and closes below the lower channel
Loses 68,700 decisively
Then momentum likely accelerates toward:
67,800
67,000 area
That would invalidate the bullish channel structure and shift bias short-term bearish.
🎯 Bias Right Now
Neutral-to-bullish as long as the channel holds.
But short-term momentum is bearish until structure flips back.
This is a classic “support reaction or breakdown” moment.
Price started forming a rising channel.
After tapping upper channel resistance, momentum faded.
Now we’re seeing a controlled bearish pullback inside the structure.
That red leg down shows short-term bearish pressure — lower highs forming on the intraday scale.
📉 Current Situation
Price is sitting around 68,800–69,000 zone, which is:
Near the lower channel trendline
At a marked horizontal support / prior resistance flip area
This is a decision zone.
🐂 Bullish Scenario
If price:
Holds above 68,700–68,800
Prints higher lows on lower timeframe
Breaks back above 69,500–69,800
Then we could see a push toward:
70,300
71,000
Possibly upper channel resistance again
This would confirm the channel is still respected.
🐻 Bearish Scenario
If price:
Breaks and closes below the lower channel
Loses 68,700 decisively
Then momentum likely accelerates toward:
67,800
67,000 area
That would invalidate the bullish channel structure and shift bias short-term bearish.
🎯 Bias Right Now
Neutral-to-bullish as long as the channel holds.
But short-term momentum is bearish until structure flips back.
This is a classic “support reaction or breakdown” moment.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.