Yesterday’s idea worked out perfectly: price reached the target block and continued its upward move. Today, bulls remain firmly in control, and I expect the bullish trend to continue towards the 108,620 area.
The recent pullback is viewed as a correction within the ongoing impulse. Buyers are clearly dominating the market, so my main scenario is further growth to the yellow block, where significant liquidity from short liquidations is clustered. I expect price to reach this range today, and I’m considering long setups on any corrective moves.
Key levels:
Main target: 108,620 (yellow liquidity zone)
Critical support: 106,676
If price closes below 106,676, or we see no bullish reaction for an extended period, I’ll consider that bulls may be losing control and a deeper reversal could follow. For now, the bias remains bullish.
Watching price action closely and will update if conditions change.
The recent pullback is viewed as a correction within the ongoing impulse. Buyers are clearly dominating the market, so my main scenario is further growth to the yellow block, where significant liquidity from short liquidations is clustered. I expect price to reach this range today, and I’m considering long setups on any corrective moves.
Key levels:
Main target: 108,620 (yellow liquidity zone)
Critical support: 106,676
If price closes below 106,676, or we see no bullish reaction for an extended period, I’ll consider that bulls may be losing control and a deeper reversal could follow. For now, the bias remains bullish.
Watching price action closely and will update if conditions change.
Trade closed manually
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.