Price has entered an important resistance zone 32-37/40, which may trigger a pullback — ideally forming another higher low within the 27–24 support area.
Structurally, despite short-term pullback potential, the uptrend from the April lows remains intact and appears unfinished as long as:
a) price holds above 24, and
b) the 44–52 resistance zone has not yet been reached.
Chart:
https://www.tradingview.com/x/18fEoejg/
Structurally, despite short-term pullback potential, the uptrend from the April lows remains intact and appears unfinished as long as:
a) price holds above 24, and
b) the 44–52 resistance zone has not yet been reached.
Chart:
https://www.tradingview.com/x/18fEoejg/
Trade closed: target reached
Late with the update, but price has been tracking the outlined trend structure and reacted constructively off the previously highlighted support zone.From here, the focus is on whether the chart can establish a constructive base: a sequence of higher lows and tighter consolidation would signal improving probabilities for a sustained reversal.
Chart:
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+96.45R (equities) and +10.95R (crypto) in 2026. Every closed trade is public: belfed.com
Limited Founding Member seats for just $10.50/mo + 7-day trial
Join: belfed.com/members.html
Telegram: t.me/belfedbot
Limited Founding Member seats for just $10.50/mo + 7-day trial
Join: belfed.com/members.html
Telegram: t.me/belfedbot
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.