Price has reached a key mid-term resistance zone (29-32) for a bounce since Apr bottom.
As long as price remains below the 32 (with max. extension to 34) resistance area, I continue to favor the scenario of another leg lower unfolding in the coming weeks.

Should price break and hold above 32–34, the current trend structure would require reassessment.
Thanks for your attention, and best of luck with your trading!
As long as price remains below the 32 (with max. extension to 34) resistance area, I continue to favor the scenario of another leg lower unfolding in the coming weeks.
Should price break and hold above 32–34, the current trend structure would require reassessment.
Thanks for your attention, and best of luck with your trading!
Nota
Alternate Bullish ScenarioWhile this isn’t my base case just yet, I’m keeping an eye on a potential alt bullish structure if the market decides to break higher (even beyond ATH).
Daily:
1H chart is showing constructive price action, basing nicely above the rising 21 EMA, which could support a move higher:
Swing-trading ideas, market analytics & asset requests
2026 Equities +90.70R | Crypto +11.37R
Closed trades: belfed.com/
14-day free trial (no card): t.me/BelfedBot
Free 🇺🇸 t.me/BelFedFreeEN | 🇷🇺 t.me/BelFedFreeRU
2026 Equities +90.70R | Crypto +11.37R
Closed trades: belfed.com/
14-day free trial (no card): t.me/BelfedBot
Free 🇺🇸 t.me/BelFedFreeEN | 🇷🇺 t.me/BelFedFreeRU
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.
Swing-trading ideas, market analytics & asset requests
2026 Equities +90.70R | Crypto +11.37R
Closed trades: belfed.com/
14-day free trial (no card): t.me/BelfedBot
Free 🇺🇸 t.me/BelFedFreeEN | 🇷🇺 t.me/BelFedFreeRU
2026 Equities +90.70R | Crypto +11.37R
Closed trades: belfed.com/
14-day free trial (no card): t.me/BelfedBot
Free 🇺🇸 t.me/BelFedFreeEN | 🇷🇺 t.me/BelFedFreeRU
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.
