In this technical analysis, I break down the current price action using a multi-timeframe approach. Starting with the 4-hour chart, I then zoom out to capture the broader market structure and identify how price recently broke above local highs before pulling back to retest that level as new support—a classic bullish confirmation pattern.
Zooming back in, I outline the critical $400 level that's keeping the near-term outlook bullish. As long as price holds above this support, we're positioned for a potential breakout toward the $475 target area, which could then open the door to the $530s.
I also cover downside risk management, including the key levels to watch that would signal weakness and potentially trigger a move to new lows. Whether you're looking for entry opportunities or managing existing positions, this video provides the technical levels you need to navigate the current setup.
Zooming back in, I outline the critical $400 level that's keeping the near-term outlook bullish. As long as price holds above this support, we're positioned for a potential breakout toward the $475 target area, which could then open the door to the $530s.
I also cover downside risk management, including the key levels to watch that would signal weakness and potentially trigger a move to new lows. Whether you're looking for entry opportunities or managing existing positions, this video provides the technical levels you need to navigate the current setup.
Сделка закрыта: достигнута тейк-профит цена
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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.
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.