🧭 Current Market Structure
Medium-term trend: up, but at risk
The price has broken below the uptrend line (black diagonal).
After a strong upward impulse, a sharp downward candlestick (distribution) appeared → no continuation of the uptrend.
This is a classic signal of bullish weakness, not a full trend reversal, but a warning.
🔑 Key Levels
🟢 Resistance
3059–3070 – very strong resistance (multiple reactions)
3126 – higher timeframe resistance (if it reaches this level → euphoria)
🟡 Decision Zone (now)
2938–2960 – current consolidation
This is where the market decides whether to return above the trend or move lower.
🔴 Supports
2911 – local support (very important)
2868 – strong structural support
2755 – critical support (reversal of the uptrend)
📉 RSI Stochastic
A pullback from the upper levels (80+) to ~20
Downward momentum has not yet expired
No bullish divergence → no signal for an aggressive long
📌 Scenarios
🔵 Scenario A – bullish (less likely)
Conditions:
Defense 2911
Return above 2960 + 4-hour candle close
Trend line reclaim
Targets:
3059
3126
👉 This would be a fake breakdown
🔴 Scenario B – bearish (more likely)
Conditions:
4-hour close below 2911
No quick rebound
Targets:
2868
then 2755
👉 Healthy correction in the trend or a change in structure to sideways/bearish
Medium-term trend: up, but at risk
The price has broken below the uptrend line (black diagonal).
After a strong upward impulse, a sharp downward candlestick (distribution) appeared → no continuation of the uptrend.
This is a classic signal of bullish weakness, not a full trend reversal, but a warning.
🔑 Key Levels
🟢 Resistance
3059–3070 – very strong resistance (multiple reactions)
3126 – higher timeframe resistance (if it reaches this level → euphoria)
🟡 Decision Zone (now)
2938–2960 – current consolidation
This is where the market decides whether to return above the trend or move lower.
🔴 Supports
2911 – local support (very important)
2868 – strong structural support
2755 – critical support (reversal of the uptrend)
📉 RSI Stochastic
A pullback from the upper levels (80+) to ~20
Downward momentum has not yet expired
No bullish divergence → no signal for an aggressive long
📌 Scenarios
🔵 Scenario A – bullish (less likely)
Conditions:
Defense 2911
Return above 2960 + 4-hour candle close
Trend line reclaim
Targets:
3059
3126
👉 This would be a fake breakdown
🔴 Scenario B – bearish (more likely)
Conditions:
4-hour close below 2911
No quick rebound
Targets:
2868
then 2755
👉 Healthy correction in the trend or a change in structure to sideways/bearish
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.