Price Action Case Study: Weekly Price action chart of SIGACHI

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🔹 Key Structural Elements:
-White Solid Line: Primary Counter-Trendline (CT) connecting multiple swing highs, acting as dynamic resistance over several months.

-White Dotted Lines: Hidden supply lines derived from intermediary highs, often acting as secondary resistance.

-Yellow Lines: Higher timeframe resistance zones (MTF) — offering confluence markers for potential supply zones ahead.

🔹Volume Expansion:
The breakout candle is supported by significant volume (~36M), indicating strong participation. Volume here acts as a confirmation trigger, suggesting institutional interest or broad-based buying.

🔹Structure:
The breakout occurs after an extended consolidation and a series of higher lows.



Penafian

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