🔥Wall Street has made a strong bullish expansion after spending an extended period in a sideways range. Price is now consolidating below the major resistance zone, creating a clear decision point for the next move.
🏆Previously:
📈 Bullish scenario
If price breaks and holds above the current resistance zone, we can expect more upside. A confirmed breakout could trigger another bullish expansion toward higher levels.
📉 Bearish scenario
If the current range fails and price breaks below the nearby support zone, we can expect a deeper pullback. The lower zones could become the next areas of interest if selling pressure increases.
Overall, Wall Street is currently in a consolidation phase after a strong bullish move. The breakout from this range should give us a clearer direction for the next major move. 🚀
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🥇“The Z impact” trading team is here to help new traders with technical analytics and fundamentals.
⚜️Mostly trading indicators
📞Support: t.me/theZSupport
💎Our website: TradeZimpact.com
💡Our Channel: t.me/TheZimpact
⚜️Mostly trading indicators
📞Support: t.me/theZSupport
💎Our website: TradeZimpact.com
💡Our Channel: t.me/TheZimpact
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.