AVG is starting to look interesting here. It’s still a highly speculative play, but the structure is improving and the chart is showing early signs of a potential move out of the current range.
Price broke down from the larger range back in April 2025. Since then, the market has essentially moved sideways with no real trend. Last month we saw a sharp pullback that may have formed a spring on the local range. This spring occurred on much lower volume compared to the Selling Climax (SC), which suggests the market may not require a deep retest of that level.
On the weekly chart, price has now pulled back into the local 50% retracement, and volume has been declining during this pullback. That combination often signals that selling pressure is fading and the market may be preparing for the next leg higher.
Targets
First target: EQ of the range
Second target: Range highs if momentum continues
Stop‑Loss
Initial SL can be placed below the spring low
If price breaks upward, the SL can be trailed higher since the broader trend is still technically bearish and we want to protect gains
Overall, this remains a speculative setup, but the structure is tightening and the risk‑to‑reward is becoming more favorable if the spring holds and buyers step in.
Price broke down from the larger range back in April 2025. Since then, the market has essentially moved sideways with no real trend. Last month we saw a sharp pullback that may have formed a spring on the local range. This spring occurred on much lower volume compared to the Selling Climax (SC), which suggests the market may not require a deep retest of that level.
On the weekly chart, price has now pulled back into the local 50% retracement, and volume has been declining during this pullback. That combination often signals that selling pressure is fading and the market may be preparing for the next leg higher.
Targets
First target: EQ of the range
Second target: Range highs if momentum continues
Stop‑Loss
Initial SL can be placed below the spring low
If price breaks upward, the SL can be trailed higher since the broader trend is still technically bearish and we want to protect gains
Overall, this remains a speculative setup, but the structure is tightening and the risk‑to‑reward is becoming more favorable if the spring holds and buyers step in.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.