SHAILY (Weekly): Testing Key Breakout Retest Zone
Pulling back this week (~8%) after hitting a recent peak above 3,250.
The Setup: Price is currently retracing exactly into the previous resistance-turned-support zone around 2,650 – 2,750.
Moving Averages: Holding firmly above the key short-term weekly EMAs, maintaining the broader bullish structure.
Volume: Volume on this weekly pullback is relatively low compared to the massive breakout volume seen in late April/May, signaling potential healthy profit-taking rather than a trend reversal.
Plan: Watching closely for a bullish reversal candle/price rejection in this support box to trigger a low-risk swing long entry.
Pulling back this week (~8%) after hitting a recent peak above 3,250.
The Setup: Price is currently retracing exactly into the previous resistance-turned-support zone around 2,650 – 2,750.
Moving Averages: Holding firmly above the key short-term weekly EMAs, maintaining the broader bullish structure.
Volume: Volume on this weekly pullback is relatively low compared to the massive breakout volume seen in late April/May, signaling potential healthy profit-taking rather than a trend reversal.
Plan: Watching closely for a bullish reversal candle/price rejection in this support box to trigger a low-risk swing long entry.
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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.