“Buyers defended the zone hard. Tight bull flag breakout setup forming after the demand tap. Looks like this thing wants to take another leg up. Clean R/R if managed tight.”
Price surged impulsively from mid-July lows, followed by a shallow correction—suggestive of a micro **Wave 4**.
* Current bounce off demand zone implies the potential start of **Wave (5)** to retest or break highs.
* **Demand Zone:** \$228.00–\$230.00 —
* **Supply Zone:** \$236.00 —234
🎯 **Trade Setup (Long Bias):**
* **Entry:** \$230.20 (current level near demand bounce)
* **Stop Loss:** \$228.80 (below the demand zone)
* **Take Profit :** \$236.00
* **Risk/Reward:** \~**1:3 RR**
*“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder*
#### ⚠️ **Disclaimer:**
This is for educational purposes only and not financial advice. Trade at your own risk. Always manage your capital responsibly and use proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.