Price recently completed a strong rally toward ~350 and then experienced a sharp corrective selloff. We are now observing a potential lower-high formation and a retest of key horizontal support.
Current price: ~315
Major support: ~297–300
Short-term resistance: ~320–325
Structure is shifting from impulsive bullish to corrective/neutral.
🔎 Market Structure
• Prior trend: Strong uptrend
• Recent action: Lower high + sharp selloff
• Moving average rolling over
• Price currently attempting a weak bounce
This suggests momentum has shifted short-term.
🔴 Bearish Scenario (Continuation Lower)
If:
• Price fails to break above 320–325
• Breaks below 297
Targets:
• 290
• 280
• Possible extension toward 270
This would confirm a short-term bearish structure (LH + LL).
Short Invalidation:
• Strong reclaim above 325
🟢 Bullish Scenario (Higher Low Setup)
If:
• Support at 297–300 holds
• Price forms higher low
• Break above 325
Targets:
• 335
• 350 (previous high zone)
This would re-establish bullish continuation.
Long Invalidation:
• Clean break below 295
Structural Insight
This is a classic transition phase:
Uptrend → Distribution → Decision zone
On lower timeframe, structure is fragile.
Key level to watch: 297–300
Current price: ~315
Major support: ~297–300
Short-term resistance: ~320–325
Structure is shifting from impulsive bullish to corrective/neutral.
🔎 Market Structure
• Prior trend: Strong uptrend
• Recent action: Lower high + sharp selloff
• Moving average rolling over
• Price currently attempting a weak bounce
This suggests momentum has shifted short-term.
🔴 Bearish Scenario (Continuation Lower)
If:
• Price fails to break above 320–325
• Breaks below 297
Targets:
• 290
• 280
• Possible extension toward 270
This would confirm a short-term bearish structure (LH + LL).
Short Invalidation:
• Strong reclaim above 325
🟢 Bullish Scenario (Higher Low Setup)
If:
• Support at 297–300 holds
• Price forms higher low
• Break above 325
Targets:
• 335
• 350 (previous high zone)
This would re-establish bullish continuation.
Long Invalidation:
• Clean break below 295
Structural Insight
This is a classic transition phase:
Uptrend → Distribution → Decision zone
On lower timeframe, structure is fragile.
Key level to watch: 297–300
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.