Current price: 162.99
Logic:
Price has been in a steady downtrend from ~220 to ~160.
Today’s candle is a strong bullish reversal – engulfs previous candle’s range.
Volume shows absorption (higher volume on up move).
Key levels:
Resistance: 170 (previous support turned resistance)
Support: 155 (today’s low)
Plan:
Long above 165 (break of today’s high) → target 177 → 184.
If Rally extends, then further tps are 194 - 203
Stop below 155 (invalidation).
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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.