Today’s push reclaimed the recent range and is pressing into the prior supply zone just under $1.05–$1.07.
• the bands (GC [DW] / Gaussian‑style channel)
• Price is above the baseline and inside the green regime, which = short‑term bullish bias.
• As long as candles keep closing above the midline, momentum favors upside tests.
• “True” Fib map using the last impulsive leg (~$0.84 → ~$1.15)
• Range = 0.31.
• Key retrace supports: 38.2% = ~$1.032, 50% = ~$0.995, 61.8% = ~$0.958, 78.6% = ~$0.906.
• Above $0.995 keeps price in “premium”; dips into $1.03–$1.00 are buy-the-dip territory if the uptrend holds.
• Levels to watch
• Immediate resistance: $1.05–$1.07 (then $1.10).
• Major resistance / breakout: $1.15 (prior swing high).
• Upside extensions if $1.15 breaks: 1.272 ≈ $1.234, 1.618 ≈ $1.342.
• Supports: $1.03–$1.00, then $0.958, then $0.906.
• Invalidation for bulls: Daily close back below $0.95 or a close back into the red channel.
• Trade idea framing (not advice)
• Bullish continuation: Hold above $1.03–$1.00 → retest $1.10 / $1.15; break and hold over $1.15 opens $1.23–$1.34.
• Failure scenario: Lose $0.995 convincingly → likely revisit $0.958 or the channel midline.
• the bands (GC [DW] / Gaussian‑style channel)
• Price is above the baseline and inside the green regime, which = short‑term bullish bias.
• As long as candles keep closing above the midline, momentum favors upside tests.
• “True” Fib map using the last impulsive leg (~$0.84 → ~$1.15)
• Range = 0.31.
• Key retrace supports: 38.2% = ~$1.032, 50% = ~$0.995, 61.8% = ~$0.958, 78.6% = ~$0.906.
• Above $0.995 keeps price in “premium”; dips into $1.03–$1.00 are buy-the-dip territory if the uptrend holds.
• Levels to watch
• Immediate resistance: $1.05–$1.07 (then $1.10).
• Major resistance / breakout: $1.15 (prior swing high).
• Upside extensions if $1.15 breaks: 1.272 ≈ $1.234, 1.618 ≈ $1.342.
• Supports: $1.03–$1.00, then $0.958, then $0.906.
• Invalidation for bulls: Daily close back below $0.95 or a close back into the red channel.
• Trade idea framing (not advice)
• Bullish continuation: Hold above $1.03–$1.00 → retest $1.10 / $1.15; break and hold over $1.15 opens $1.23–$1.34.
• Failure scenario: Lose $0.995 convincingly → likely revisit $0.958 or the channel midline.
Penafian
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.
Penafian
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.