The market is forming a compression pattern between a horizontal resistance and an ascending support trendline. This type of structure often leads to a breakout once price reaches the apex.
Currently, price is struggling to gain acceptance above the upper zone while maintaining higher lows. This creates a mixed scenario where both continuation and rejection remain possible. A decisive move outside this range will likely define the next direction.
Targets:
Break above: 81.20 → 82.00
Break below: 78.50 → 77.00
Important Zones:
Upper zone: 80.5 area
Lower trendline: near 79.0
Currently, price is struggling to gain acceptance above the upper zone while maintaining higher lows. This creates a mixed scenario where both continuation and rejection remain possible. A decisive move outside this range will likely define the next direction.
Targets:
Break above: 81.20 → 82.00
Break below: 78.50 → 77.00
Important Zones:
Upper zone: 80.5 area
Lower trendline: near 79.0
Trade active
updateTrade closed: target reached
updaet
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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.
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.