📈 Trading Idea – Potential Target: €6.3 by Mid-May 2025
The idea of a bullish move toward €6.3 is plausible if:
The price continues to hold the support zone within the current range (around €5.0–€5.2).
We see a strong breakout above the top of the consolidation range, ideally with increased volume.
Broader market sentiment or fundamentals support a rebound (news, earnings, etc.).
The €6.3 level aligns with the upper boundary of the sideways range and is a logical first technical target before any deeper trend reversal is confirmed.
⚠️ Risks to Consider:
A breakdown below €5.0 could invalidate the bullish setup and resume the long-term downtrend.
The overall structure remains bearish, so confirmation is key before entering long positions.
Technical Indicators:
Tools like Supertrend and predictive ranges suggest momentum is shifting or at least stabilizing.
The green dynamic trend line could indicate an early sign of a bullish push, though the price is still within the broader range.
The idea of a bullish move toward €6.3 is plausible if:
The price continues to hold the support zone within the current range (around €5.0–€5.2).
We see a strong breakout above the top of the consolidation range, ideally with increased volume.
Broader market sentiment or fundamentals support a rebound (news, earnings, etc.).
The €6.3 level aligns with the upper boundary of the sideways range and is a logical first technical target before any deeper trend reversal is confirmed.
⚠️ Risks to Consider:
A breakdown below €5.0 could invalidate the bullish setup and resume the long-term downtrend.
The overall structure remains bearish, so confirmation is key before entering long positions.
Technical Indicators:
Tools like Supertrend and predictive ranges suggest momentum is shifting or at least stabilizing.
The green dynamic trend line could indicate an early sign of a bullish push, though the price is still within the broader range.
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.