This is a rounding top → long decline, now breaking above the down-sloping resistance.
The curved black line = rounding top resistance; price has closed above it → trend change signal.
Current zone (~78–80) is a base + breakout retest.
Bias: Bullish continuation only if price holds above 76–77.
Upside objective: previous resistance band 101–106 (measured recovery / prior supply).
Action:
The curved black line = rounding top resistance; price has closed above it → trend change signal.
Current zone (~78–80) is a base + breakout retest.
Bias: Bullish continuation only if price holds above 76–77.
Upside objective: previous resistance band 101–106 (measured recovery / prior supply).
Action:
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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.