Price has been pushing higher with strong momentum, just recently breaking above the resistance zone.
By the looks of it, I’d expect a slightly deeper pullback into the zone before the next leg up, so I’d wait for that move first.
And as long as price holds above this area, the overall structure remains bullish and a continuation toward 5,785 has got high chances.
📈 Bias: Bullish, but expecting a deeper pullback
🎯 Target: 5,785
🛑 Invalidation: Below the zone
By the looks of it, I’d expect a slightly deeper pullback into the zone before the next leg up, so I’d wait for that move first.
And as long as price holds above this area, the overall structure remains bullish and a continuation toward 5,785 has got high chances.
📈 Bias: Bullish, but expecting a deeper pullback
🎯 Target: 5,785
🛑 Invalidation: Below the zone
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