Price is holding between $3,379.19 (resistance) and $3,357.56 (support). We are sitting in the middle of the box near $3,363–$3,364, with choppy candles showing hesitation. Scalps are possible, but reversals can be sharp inside this range.
🔼 Bullish Plan (needs confirmation)
Trigger: A clean 30min close above $3,379.19 (not just a wick).
Targets: First into $3,381.73, then $3,384.47. If momentum stays, room opens for $3,390+.
Management: Take partials at the first target, move SL to breakeven once $3,379 is defended.
🔽 Bearish Plan (cleaner below support)
Trigger: A 30min body close below $3,357.56.
Targets: First into $3,354.68, then $3,352.27. If sellers stay aggressive, extension into $3,347.98.
Management: Scale out at first target, protect remaining at breakeven.
🔄 Range Scalp (higher risk, small size)
Shorts: Near $3,379 on a strong rejection → aim for mid-range $3,365–$3,367, SL above rejection high.
Longs: Near $3,357–$3,358 on rejection wick → aim mid-range, SL under lows.
⚠️ Use reduced size – fast whipsaws possible inside this chop.
✅ What Confirms a Break
Strong 30min body close through the level.
Follow through with momentum candles.
❌ What Invalidates
Breakout candle closes back inside range on the next bar → likely trap.
Multiple wick pierces with no follow through.
📌 Bottom Line
Above $3,379.19 → bullish bias toward $3,384.47+.
Below $3,357.56 → bearish bias toward $3,352.27 and $3,347.98.
Inside the box = scalp zone only, manage risk carefully.
🔼 Bullish Plan (needs confirmation)
Trigger: A clean 30min close above $3,379.19 (not just a wick).
Targets: First into $3,381.73, then $3,384.47. If momentum stays, room opens for $3,390+.
Management: Take partials at the first target, move SL to breakeven once $3,379 is defended.
🔽 Bearish Plan (cleaner below support)
Trigger: A 30min body close below $3,357.56.
Targets: First into $3,354.68, then $3,352.27. If sellers stay aggressive, extension into $3,347.98.
Management: Scale out at first target, protect remaining at breakeven.
🔄 Range Scalp (higher risk, small size)
Shorts: Near $3,379 on a strong rejection → aim for mid-range $3,365–$3,367, SL above rejection high.
Longs: Near $3,357–$3,358 on rejection wick → aim mid-range, SL under lows.
⚠️ Use reduced size – fast whipsaws possible inside this chop.
✅ What Confirms a Break
Strong 30min body close through the level.
Follow through with momentum candles.
❌ What Invalidates
Breakout candle closes back inside range on the next bar → likely trap.
Multiple wick pierces with no follow through.
📌 Bottom Line
Above $3,379.19 → bullish bias toward $3,384.47+.
Below $3,357.56 → bearish bias toward $3,352.27 and $3,347.98.
Inside the box = scalp zone only, manage risk carefully.
Trade closed manually
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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.