Context
- Weekly timeframe
- Long corrective phase since 2021
- Recent transition from downtrend to base and breakout
What I see
- Clean breakout from the long-term descending channel
- Successful retest of the channel and rising support
- Price holding above the 200-week moving average
- Consolidation formed directly on long-term support
- Recent advance from a higher low confirms support acceptance
What matters now
- Holding above the 200-week MA keeps the reversal structure intact
- Continuation requires sustained trade above former resistance
Buy / Accumulation zone
- Pullbacks toward the 200-week MA and former channel resistance acting as support
Targets
- Primary upside reference at the 1.618 Fibonacci extension ($211 area)
- Higher extensions remain possible toward prior cycle projections if trend continues
Risk / Invalidation
- Sustained weekly loss of the 200-week MA would invalidate the support confirmation
- Weekly timeframe
- Long corrective phase since 2021
- Recent transition from downtrend to base and breakout
What I see
- Clean breakout from the long-term descending channel
- Successful retest of the channel and rising support
- Price holding above the 200-week moving average
- Consolidation formed directly on long-term support
- Recent advance from a higher low confirms support acceptance
What matters now
- Holding above the 200-week MA keeps the reversal structure intact
- Continuation requires sustained trade above former resistance
Buy / Accumulation zone
- Pullbacks toward the 200-week MA and former channel resistance acting as support
Targets
- Primary upside reference at the 1.618 Fibonacci extension ($211 area)
- Higher extensions remain possible toward prior cycle projections if trend continues
Risk / Invalidation
- Sustained weekly loss of the 200-week MA would invalidate the support confirmation
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.