A clear bullish triangle is forming on the daily chart. Price is compressing near key Fib levels with strong liquidity zones below:
📍Orderblock: 119,950 (798.32)
💧Liquidity: 114,173 ($53.36M) & 110,821.9 ($56.57M)
🔽 Fib support: 0.5 at 99,679 | 0.618 at 93,699
Expecting price to sweep liquidity, then bounce.
🎯 Bullish targets:
Short-term: 119.9K
Mid-term: 125K
Long-term: 132K (1.618 Fib ext.)
Holding above 108.5K keeps this bullish scenario valid.
📍Orderblock: 119,950 (798.32)
💧Liquidity: 114,173 ($53.36M) & 110,821.9 ($56.57M)
🔽 Fib support: 0.5 at 99,679 | 0.618 at 93,699
Expecting price to sweep liquidity, then bounce.
🎯 Bullish targets:
Short-term: 119.9K
Mid-term: 125K
Long-term: 132K (1.618 Fib ext.)
Holding above 108.5K keeps this bullish scenario valid.
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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.
Disclaimer
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.