The price is respecting a major weekly demand zone around 440–460, showing multiple rejection wicks and a positive bounce, indicating buyer accumulation. As long as the price holds above this zone, the structure favors a potential upside toward the previous supply / resistance area near 620–640. A weekly close below the support zone may invalidate the setup, turning bias cautious.
Key Levels:
Support: 440–460 zone
Resistance / Target: 620–640 zone
Risk Invalidation: Below ~415–420
Disclaimer:
This is a technical analysis view for educational purposes only not investment or trading advice. Please do your own research or consult a financial advisor before taking any position.
Key Levels:
Support: 440–460 zone
Resistance / Target: 620–640 zone
Risk Invalidation: Below ~415–420
Disclaimer:
This is a technical analysis view for educational purposes only not investment or trading advice. Please do your own research or consult a financial advisor before taking any position.
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.