Chart Breakdown:
The chart illustrates a clear breakout scenario following a prolonged consolidation phase marked in the beige box. After multiple failed attempts to break the descending trendline, the price action finally surged above it, indicating a strong shift in market structure.
Key Highlights:
Consolidation Zone: Price traded sideways for several days, building momentum and liquidity.
Trendline Break: A clean break of the descending trendline added confirmation to the bullish move.
Support/Resistance Flip: The 3,358 zone (blue line) has now flipped from resistance into strong support.
Bullish Continuation: After the breakout, we see a powerful impulsive move upward.
Projected Move:
A potential pullback to the 3,386 – 3,358 area may occur to retest broken resistance as new support.
If the retest holds, we anticipate a continuation toward the next key resistance levels:
1stTarget 3,417
2nd Target 3,454
Final target: 3,493
Trade Idea (Not Financial Advice):
Entry Zone: 3,370–3,358 (upon confirmation of support holding)
Targets: 3,417/3,454/3,493
Invalidation: Below 3,358 with strong bearish volume
This setup shows strong bullish momentum and a textbook breakout structure. Keep an eye on the pullback zone for a potential high-probability entry.
The chart illustrates a clear breakout scenario following a prolonged consolidation phase marked in the beige box. After multiple failed attempts to break the descending trendline, the price action finally surged above it, indicating a strong shift in market structure.
Key Highlights:
Consolidation Zone: Price traded sideways for several days, building momentum and liquidity.
Trendline Break: A clean break of the descending trendline added confirmation to the bullish move.
Support/Resistance Flip: The 3,358 zone (blue line) has now flipped from resistance into strong support.
Bullish Continuation: After the breakout, we see a powerful impulsive move upward.
Projected Move:
A potential pullback to the 3,386 – 3,358 area may occur to retest broken resistance as new support.
If the retest holds, we anticipate a continuation toward the next key resistance levels:
1stTarget 3,417
2nd Target 3,454
Final target: 3,493
Trade Idea (Not Financial Advice):
Entry Zone: 3,370–3,358 (upon confirmation of support holding)
Targets: 3,417/3,454/3,493
Invalidation: Below 3,358 with strong bearish volume
This setup shows strong bullish momentum and a textbook breakout structure. Keep an eye on the pullback zone for a potential high-probability entry.
Trade active
Trade Active Guys 3358
Note
What a move!
Our levels held with precision and the market responded beautifully. From entry to target, we captured +780 pips with clean, calculated execution.
Well done to everyone who followed the plan.
This is the power of patience, analysis, and discipline in action.
Let’s keep building, keep learning, and stay focused on the next setup.
More opportunities ahead — stay sharp!
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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.
🔥 Join Now for Free
t.me/JackMastermindGT
📢 Join My Telegram channel Daily Free Signals Vip Group available Daily Signals XAUUSD BTCUSD USOIL 3/4 confirm Join VIP Group Accuracy 85%+
🔥 Join Now for Free: t.me/JackMastermindGT
t.me/JackMastermindGT
📢 Join My Telegram channel Daily Free Signals Vip Group available Daily Signals XAUUSD BTCUSD USOIL 3/4 confirm Join VIP Group Accuracy 85%+
🔥 Join Now for Free: t.me/JackMastermindGT
Related publications
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.