Price is currently holding the lower boundary of the rising channel, which has acted as a strong dynamic support throughout the uptrend.
A controlled pullback into the 610–630 zone would be technically healthy and would allow the structure to reset without damaging the primary trend.
As long as price remains above channel support and key weekly levels, this move should be interpreted as a corrective phase, not trend exhaustion.
From this area, conditions would be in place for the next impulsive bullish wave, potentially leading to new highs in the medium term.
Key levels to watch:
• Support: 610–630
• Trend invalidation only on a clear weekly breakdown below channel support
• Bias: Bullish continuation after pullback
Patience here favors structure over momentum.
A controlled pullback into the 610–630 zone would be technically healthy and would allow the structure to reset without damaging the primary trend.
As long as price remains above channel support and key weekly levels, this move should be interpreted as a corrective phase, not trend exhaustion.
From this area, conditions would be in place for the next impulsive bullish wave, potentially leading to new highs in the medium term.
Key levels to watch:
• Support: 610–630
• Trend invalidation only on a clear weekly breakdown below channel support
• Bias: Bullish continuation after pullback
Patience here favors structure over momentum.
Note
Fist support 625 reached 40% buy nowSecond 609 60% buy (difficult)
Trade active
Target reached Note
Second target reachedTrade closed: target reached
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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.