Context
- Weekly timeframe
- Long corrective phase since 2021
- Recent transition from downtrend to base and breakout
What I see
- Clean breakout from the long-term descending channel
- Successful retest of the channel and rising support
- Price holding above the 200-week moving average
- Consolidation formed directly on long-term support
- Recent advance from a higher low confirms support acceptance
What matters now
- Holding above the 200-week MA keeps the reversal structure intact
- Continuation requires sustained trade above former resistance
Buy / Accumulation zone
- Pullbacks toward the 200-week MA and former channel resistance acting as support
Targets
- Primary upside reference at the 1.618 Fibonacci extension ($211 area)
- Higher extensions remain possible toward prior cycle projections if trend continues
Risk / Invalidation
- Sustained weekly loss of the 200-week MA would invalidate the support confirmation
- Weekly timeframe
- Long corrective phase since 2021
- Recent transition from downtrend to base and breakout
What I see
- Clean breakout from the long-term descending channel
- Successful retest of the channel and rising support
- Price holding above the 200-week moving average
- Consolidation formed directly on long-term support
- Recent advance from a higher low confirms support acceptance
What matters now
- Holding above the 200-week MA keeps the reversal structure intact
- Continuation requires sustained trade above former resistance
Buy / Accumulation zone
- Pullbacks toward the 200-week MA and former channel resistance acting as support
Targets
- Primary upside reference at the 1.618 Fibonacci extension ($211 area)
- Higher extensions remain possible toward prior cycle projections if trend continues
Risk / Invalidation
- Sustained weekly loss of the 200-week MA would invalidate the support confirmation
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.