🔔 Summary:
Reclaimed liquidity, broke wedge structure with strength, and printed continuation signs.
Expecting bullish move toward 3,508 on higher timeframe if breakout holds.
Will reassess if price closes below 3,314 (invalidates short-term momentum).
🔔 Long Version:
📝 Description:
📆 Date: 2nd August 2025
📊 Timeframe: Weekly → Multi-TF Analysis
📈 Bias: Bullish
🧠 Setup: High-volume breakout from descending wedge + weekly fakeout/liquidity sweep.
⸻
🧱 Structure
• Weekly fakeout below trendline rejected with strength
• 4H bullish engulfing candle broke through EMA stack and wedge resistance
• Price retested previous Fair Value Gap (FVG) and confirmed buyer strength
• Strong volume spike and MACD momentum shift confirmed breakout conviction
📊 Indicators
• EMAs: Price above 20/50/100/200 on H1 & 4H
• MACD: 4H flipping bullish, Weekly still holding green
• Volume: Significant bullish breakout candle, multi-timeframe confluence
Reclaimed liquidity, broke wedge structure with strength, and printed continuation signs.
Expecting bullish move toward 3,508 on higher timeframe if breakout holds.
Will reassess if price closes below 3,314 (invalidates short-term momentum).
🔔 Long Version:
📝 Description:
📆 Date: 2nd August 2025
📊 Timeframe: Weekly → Multi-TF Analysis
📈 Bias: Bullish
🧠 Setup: High-volume breakout from descending wedge + weekly fakeout/liquidity sweep.
⸻
🧱 Structure
• Weekly fakeout below trendline rejected with strength
• 4H bullish engulfing candle broke through EMA stack and wedge resistance
• Price retested previous Fair Value Gap (FVG) and confirmed buyer strength
• Strong volume spike and MACD momentum shift confirmed breakout conviction
📊 Indicators
• EMAs: Price above 20/50/100/200 on H1 & 4H
• MACD: 4H flipping bullish, Weekly still holding green
• Volume: Significant bullish breakout candle, multi-timeframe confluence
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.