Price action recently formed a diamond pattern right at the intersection of two channels, a high-probability area for a shift in direction.
The diamond acted as a turning point, and from there, price shifted into a new phase: the creation of an ascending channel.
Within this structure, we can clearly see consistent higher highs and higher lows, confirming that momentum is now with the buyers.
The market transitioned smoothly into this new ascending channel.
What’s important here is that the channel is not random: it’s an orderly climb, respecting both the upper and lower boundaries. That shows controlled buyer pressure rather than chaotic volatility.
As long as price continues to respect the lower boundary, the bias remains bullish, with the target being the top of the channel.
So, the sequence is clear:
Diamond pattern at the intersection → transition into an ascending channel → target at the channel high.
The diamond acted as a turning point, and from there, price shifted into a new phase: the creation of an ascending channel.
Within this structure, we can clearly see consistent higher highs and higher lows, confirming that momentum is now with the buyers.
The market transitioned smoothly into this new ascending channel.
What’s important here is that the channel is not random: it’s an orderly climb, respecting both the upper and lower boundaries. That shows controlled buyer pressure rather than chaotic volatility.
As long as price continues to respect the lower boundary, the bias remains bullish, with the target being the top of the channel.
So, the sequence is clear:
Diamond pattern at the intersection → transition into an ascending channel → target at the channel high.
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Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
👉Get 20% Deposit BONUS - bit.ly/trenddiva
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.