Hey guys another quick one from me, here we see price is holding a strong upward trendline while consolidating between 45,160 support and 45,730 resistance level. Always look left because stucture leaves clues.
A retracement toward the 45,375 (50% Fib) level could offer a bullish entry.
If buyers hold above 45,160, price is likely to push higher toward 45,980 (127.2% Fib extension) and possibly 46,092 (141.4% Fib).
A break and close below 45,160 would invalidate this bullish scenario and shift momentum back to the downside.
📈 Bias: Bullish continuation as long as 45,160 holds.
🎯 Targets: 45,730 - 45,980 - 46,092.
🔑 Invalidation: Break below 45,160.
A retracement toward the 45,375 (50% Fib) level could offer a bullish entry.
If buyers hold above 45,160, price is likely to push higher toward 45,980 (127.2% Fib extension) and possibly 46,092 (141.4% Fib).
A break and close below 45,160 would invalidate this bullish scenario and shift momentum back to the downside.
📈 Bias: Bullish continuation as long as 45,160 holds.
🎯 Targets: 45,730 - 45,980 - 46,092.
🔑 Invalidation: Break below 45,160.
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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.