This current move exhibits stronger bullish conviction compared to earlier rallies, as shown by consecutive long-bodied green candles and reduced upper wicks, indicating follow-through rather than rejection.
The immediate resistance lies around 78750, a level that has repeatedly capped upward momentum throughout July.
A successful breakout and sustained close above this level would likely confirm the end of the consolidation phase and initiate a fresh leg up toward 79500–80000, a previous supply zone.
On the contrary, a rejection here could mean another pullback toward the 78200–78000 zone, keeping the range structure alive.
Given the rising sequence of higher lows, improving structure, and building momentum, the chart now leans toward a bullish breakout bias, with the 78750 zone acting as the trigger level for a potential rally continuation.
The immediate resistance lies around 78750, a level that has repeatedly capped upward momentum throughout July.
A successful breakout and sustained close above this level would likely confirm the end of the consolidation phase and initiate a fresh leg up toward 79500–80000, a previous supply zone.
On the contrary, a rejection here could mean another pullback toward the 78200–78000 zone, keeping the range structure alive.
Given the rising sequence of higher lows, improving structure, and building momentum, the chart now leans toward a bullish breakout bias, with the 78750 zone acting as the trigger level for a potential rally continuation.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.