A confirmed bullish breakout occurs with a weekly close above 185–188 USD.
This would invalidate the short-term downtrend and unlock the next upside leg.
🎯 Upside Targets
Target 1 (high probability): 195–200 USD
– Retest of prior resistance and volume cluster
– Aligns with the first extension of the wedge
Target 2 (full wedge projection): 215–225 USD
– Based on the measured move of the pattern
– Represents completion of the entire bullish structure
⚠️ Invalidation
A weekly close below 165 USD would invalidate the wedge, delaying the bullish scenario.
This would invalidate the short-term downtrend and unlock the next upside leg.
🎯 Upside Targets
Target 1 (high probability): 195–200 USD
– Retest of prior resistance and volume cluster
– Aligns with the first extension of the wedge
Target 2 (full wedge projection): 215–225 USD
– Based on the measured move of the pattern
– Represents completion of the entire bullish structure
⚠️ Invalidation
A weekly close below 165 USD would invalidate the wedge, delaying the bullish scenario.
Trade closed: target reached
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.