Descending/symmetrical triangle compression structure

57
📊 Technical Analysis:
The price is moving within a descending/symmetrical triangle compression structure after hitting a local high at 89.910 (Fib level 0). A clear resistance holds along the red horizontal line.
🎯 Setup — LONG:
Entry zone between Fib 0.5 (83.518) and the blue support, confluencing with the volume profile Value Area.
Key Levels:

🔴 Resistance: ~87.50
🟡 Intermediate support: ~84.50
🔵 LONG entry: 83.50 – 84.00
Fib 0.618: 82.000 | Fib 0.786: 79.849

⚠️ Disclaimer:
For educational purposes only. Not financial advice. DYOR. Past performance does not guarantee future results.

Aviso legal

As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.