The U.S. 500 remains in a broader uptrend, moving within a rising channel and continuing to print higher highs and higher lows. Price appears to have completed a strong impulsive wave and is now consolidating near the upper boundary of the structure, which often signals a pause before continuation. The ABC correction inside the highlighted range looks controlled rather than bearish, while the recent rebound suggests buyers are still defending dips and keeping the bullish structure intact.
As long as support near 7,054 holds, the bias remains tilted to the upside, with bullish targets at 7,219 - 7,271 - 7,321 based on Fibonacci extension projections. A breakout above the consolidation zone could trigger momentum toward these levels, while failure to hold support may lead to a deeper corrective pullback before trend continuation. For now, the structure favors an upside continuation scenario with focus on those projected targets.
We will update further information soon.
BrightRally_Research
As long as support near 7,054 holds, the bias remains tilted to the upside, with bullish targets at 7,219 - 7,271 - 7,321 based on Fibonacci extension projections. A breakout above the consolidation zone could trigger momentum toward these levels, while failure to hold support may lead to a deeper corrective pullback before trend continuation. For now, the structure favors an upside continuation scenario with focus on those projected targets.
We will update further information soon.
BrightRally_Research
Trade ativo
SECOND TP 7271 REACHED!Trade fechado: objetivo atingido
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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.