https://tradingview.sweetlogin.com/x/EV1FOXIn/
Bullish
If the market retests the BOS zone and holds it as support, we could see continuation toward new highs. I’ll be watching the 4hr demand zone to confirm buyer strength. Ideally, the weekly BOS should hold, and price should remain above the 4hr BOS support level.
Bearish scenario
If the BOS fails, price may pull back to the next major weekly support, with the potential for a deeper retracement.
Bullish 🟢
• Hold above 640.46 great indication for continuation (BOS zone)
• Buyers defend 4hr demand zone (638.64–635.09)
• Short-term target: 646.22, extended target: 650.44
Bearish 🔴
• Break and close below 635.09 (4hr demand low)
• Next major support: 631.68 → 620.00 zone
• If 620 fails, deeper retracement possible toward 608.95, then 593.53
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.