Price is compressing just below resistance after a multi-leg rally and a clear five-wave coil. We’ve seen a breakout attempt, but so far, momentum is stalling right at the top of the range (45–46).
Key Levels:
Breakout Trigger: A strong close above 46.1 with convincing volume could launch the next leg up.
Breakdown Risk: If price falls back below 42–43, watch for a fast move back toward the lower range.
Playbook:
Don’t predict—wait for confirmation. If you’re already long from lower, this is a logical area to secure partial profits or tighten stops.
If flat, sit tight until price clearly chooses direction. No need to rush a position at this pivot zone.
Summary:
Compression at resistance can lead to explosive moves—but can also trap late buyers. Let price prove itself before committing.
Key Levels:
Breakout Trigger: A strong close above 46.1 with convincing volume could launch the next leg up.
Breakdown Risk: If price falls back below 42–43, watch for a fast move back toward the lower range.
Playbook:
Don’t predict—wait for confirmation. If you’re already long from lower, this is a logical area to secure partial profits or tighten stops.
If flat, sit tight until price clearly chooses direction. No need to rush a position at this pivot zone.
Summary:
Compression at resistance can lead to explosive moves—but can also trap late buyers. Let price prove itself before committing.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.