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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.