BULL has been consolidating for several weeks within a tight falling wedge pattern. This is a classic setup that often precedes a strong breakout.We’re now back in the key demand zone between 10.25 and 11, where smart money appears to be accumulating. Each time price touches the lower trendline, we see long lower wicks, this is a clear sign of institutional buying. Remember: smart money doesn’t buy at the top, they buy when the chart looks quiet and uninteresting.
Additionally, volume is steadily increasing at these lower levels, suggesting that positions are being built ahead of a potential move higher.
Key Levels to Watch
10.25 → Make-or-break level. A sustained move below this invalidates the bullish setup and turns the chart bearish.
12.00 → Breakout level. A close above signals momentum shift and potential trend reversal.
15.90 → First take-profit zone.
20.00 → Major take-profit target.
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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.