The broader market structure continues to maintain its upward trajectory, despite the recent corrective leg. Price responded decisively from a key demand area and has now broken above the multi-touch descending trendline that defined the pullback phase. This type of structural break is often interpreted as an early sign that bearish momentum is fading.
Several technical elements stand out:
• The long-term uptrend remains intact, supported by higher swing lows
• A sharp rejection from the recent low suggests renewed participation from buyers
• The descending trendline has been cleanly reclaimed, indicating a potential shift in market character
• A wide, untested range overhead remains a notable area of interest should momentum continue to build
This analysis highlights the evolving structure and the levels currently shaping market behavior. This is not a trade signal, but rather an observation of the technical conditions I’m monitoring.
Several technical elements stand out:
• The long-term uptrend remains intact, supported by higher swing lows
• A sharp rejection from the recent low suggests renewed participation from buyers
• The descending trendline has been cleanly reclaimed, indicating a potential shift in market character
• A wide, untested range overhead remains a notable area of interest should momentum continue to build
This analysis highlights the evolving structure and the levels currently shaping market behavior. This is not a trade signal, but rather an observation of the technical conditions I’m monitoring.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.