Price tapped the 65.2 resistance zone (yellow line) and immediately pulled back — showing some hesitation around that confluence of resistance (horizontal + trendline).
This zone has acted as a ceiling before, and now it's back in play.
What I’m Seeing:
- Clean rejection from 65.2
- A clear rising trendline still holding below
- Bearish wicks showing early signs of hesitation
- Confluence of red and green trendlines (compression forming?)
Trade Plan (Not Financial Advice):
I’m personally watching for either:
✅ A strong break above the confluence for possible long entries
❌ Or a rejection followed by confirmation for a short setup
The breakout could be clean — or it could trap bulls/lure bears… staying patient.
Levels in Play:
- Resistance: 65.2
- Support: 63.5
Possible breakdown below the green TL could shift the short-term bias
No setup, no trade.
My edge is in waiting — not chasing.
Cheers!
pClem Trades
This zone has acted as a ceiling before, and now it's back in play.
What I’m Seeing:
- Clean rejection from 65.2
- A clear rising trendline still holding below
- Bearish wicks showing early signs of hesitation
- Confluence of red and green trendlines (compression forming?)
Trade Plan (Not Financial Advice):
I’m personally watching for either:
✅ A strong break above the confluence for possible long entries
❌ Or a rejection followed by confirmation for a short setup
The breakout could be clean — or it could trap bulls/lure bears… staying patient.
Levels in Play:
- Resistance: 65.2
- Support: 63.5
Possible breakdown below the green TL could shift the short-term bias
No setup, no trade.
My edge is in waiting — not chasing.
Cheers!
pClem Trades
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.