✅ CT Breakout (WTF): Well-defined CT break cleared with strong bullish momentum.
✅ Volume Confirmation: Breakout candle accompanied by 269M+ volume, signaling genuine interest.
✅ Structure: Higher low before breakout reinforces structural reliability.
✅ Base Formation: Multiple weeks of tight consolidation at base builds a solid foundation for the move.
⚠️ Caution – DTF Overextension: On the daily timeframe (DTF), price shows back-to-back green candles, indicating a short-term overbought condition.
A retracement is healthy and preferred. A direct move from here risks a poor R:R swing
📌 Conclusion:
Solid weekly breakout with all structural prerequisites in place. However, due to the extended DTF structure, wait for a healthy pullback before initiating swing entries. Avoid chasing strength. Let the price offer a clean opportunity.
🔁 Following the yellow path = strategic patience + optimal R:R.
✅ Volume Confirmation: Breakout candle accompanied by 269M+ volume, signaling genuine interest.
✅ Structure: Higher low before breakout reinforces structural reliability.
✅ Base Formation: Multiple weeks of tight consolidation at base builds a solid foundation for the move.
⚠️ Caution – DTF Overextension: On the daily timeframe (DTF), price shows back-to-back green candles, indicating a short-term overbought condition.
A retracement is healthy and preferred. A direct move from here risks a poor R:R swing
📌 Conclusion:
Solid weekly breakout with all structural prerequisites in place. However, due to the extended DTF structure, wait for a healthy pullback before initiating swing entries. Avoid chasing strength. Let the price offer a clean opportunity.
🔁 Following the yellow path = strategic patience + optimal R:R.
🎯 Master My Self-Made Trading Strategy
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
Related publications
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.
🎯 Master My Self-Made Trading Strategy
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
Related publications
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.