Price is compressing into a symmetrical triangle, signaling volatility contraction after the prior impulsive move. The 20-EMA continues to provide dynamic support while lower highs and higher lows tighten the range.
A decisive breakout above the upper trendline is likely to trigger momentum continuation, while a breakdown below key support would signal a shift toward short-term weakness. Expansion is approaching — waiting for confirmation.
A decisive breakout above the upper trendline is likely to trigger momentum continuation, while a breakdown below key support would signal a shift toward short-term weakness. Expansion is approaching — waiting for confirmation.
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.
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.
