Price is pushing up against the recent highs (~4400) after a strong internal rally. Right now it's the internal structure that's in question, not the bigger trend.
Scenario 1 (bearish continuation of the pullback)
A smaller high forms below 4400, then price breaks down through the current range, dipping into the 4240-4300 zone before any real decision is made.
Scenario 2 (bullish continuation)
Price makes one more push up near 4400-4420, pulls back into the 4240-4300 zone, and then reacts higher — continuing the bigger uptrend.
What ties it together
Both scenarios agree on one thing: the 4240-4300 zone is the key area to watch. Whether we get there directly (Scenario 1) or after one more high (Scenario 2), how price reacts there should clarify which structure is in control.
Key zone: 4240-4300
Bigger structure: still BEARISH BELOW 4400
Invalidation of the broader uptrend: a clean breakdown below 4240 with no reaction
Scenario 1 (bearish continuation of the pullback)
A smaller high forms below 4400, then price breaks down through the current range, dipping into the 4240-4300 zone before any real decision is made.
Scenario 2 (bullish continuation)
Price makes one more push up near 4400-4420, pulls back into the 4240-4300 zone, and then reacts higher — continuing the bigger uptrend.
What ties it together
Both scenarios agree on one thing: the 4240-4300 zone is the key area to watch. Whether we get there directly (Scenario 1) or after one more high (Scenario 2), how price reacts there should clarify which structure is in control.
Key zone: 4240-4300
Bigger structure: still BEARISH BELOW 4400
Invalidation of the broader uptrend: a clean breakdown below 4240 with no reaction
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.
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.