Market Structure Insight: Pullback Consolidation and Key Support
Price action has followed a well-defined structure recently, providing several opportunities for analysis and potential setups.
We initially saw a pullback after a period of sideways movement, followed by a strong bullish move that led to a new high. This was followed by a consolidation phase, where the market took a breather before continuing upward.
After the recent peak, the market corrected again and is currently forming another range-bound structure. The $3,275.603 level is acting as a key support zone, which has held up well and could serve as a potential launchpad for the next bullish leg.
There are two key scenarios I’m watching:
1. Bullish Breakout – A break above the consolidation could target resistance zones at $3,365.634, $3,403.643, and possibly even $3,450.867.
2. Range Continuation – If support holds but momentum remains weak, we might see continued sideways movement before any decisive move.
We initially saw a pullback after a period of sideways movement, followed by a strong bullish move that led to a new high. This was followed by a consolidation phase, where the market took a breather before continuing upward.
After the recent peak, the market corrected again and is currently forming another range-bound structure. The $3,275.603 level is acting as a key support zone, which has held up well and could serve as a potential launchpad for the next bullish leg.
There are two key scenarios I’m watching:
1. Bullish Breakout – A break above the consolidation could target resistance zones at $3,365.634, $3,403.643, and possibly even $3,450.867.
2. Range Continuation – If support holds but momentum remains weak, we might see continued sideways movement before any decisive move.
Zlecenie aktywne
Transakcja zamknięta: osiągnięto wyznaczony cel
Uwaga
hold target
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.