Ascending triangle: Since mid-June price has carved higher-lows beneath a flat supply shelf at $276-278.
Coiled energy: Volatility keeps compressing; each dip is met with faster buying—classic “pressure-cooker” price action.
Measured–move math: Pattern height ≈ $18 ($258 → $276). Add that to the breakout level ($276) and you land at $294—smack in the middle of my $288-292 target box.
Volume-profile “air pocket”: The VPVR thins sharply between $280 and $295, hinting at limited stored supply until sellers regroup near the April reaction high (~$291).
Coiled energy: Volatility keeps compressing; each dip is met with faster buying—classic “pressure-cooker” price action.
Measured–move math: Pattern height ≈ $18 ($258 → $276). Add that to the breakout level ($276) and you land at $294—smack in the middle of my $288-292 target box.
Volume-profile “air pocket”: The VPVR thins sharply between $280 and $295, hinting at limited stored supply until sellers regroup near the April reaction high (~$291).
VM
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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.