The chart reflects bullish price action supported by key element

Detailed Analysis of the Chart:
Yellow Trend Line (Bullish Bias):
Price remains in a clear uptrend (yellow lines), moving consistently higher while respecting the ascending support trend line.
This bullish trend is reinforced by multiple Bullish Fair Value Gaps (FVG) that acted as strong support zones for upward momentum.

Volume Observations:
Volume increases during significant upward movements (e.g., 3.47M, 3.755M), indicating institutional support for price at these levels.
However, volume slightly declines near the hammer candle at a recent high, signaling potential exhaustion.

Key Levels:
.50 Fibonacci Extension: Price is approaching this level, which may act as a short-term resistance.
If price fails to break above this extension, a pullback to test previous Bullish FVG zones is likely.

Red Trend Line (Bearish Scenario):

If price breaks below the yellow uptrend and Monday’s open confirms bearish momentum, the red trend line highlights a potential reversal setup.
A Bearish FVG forming after this breakdown would provide confluence for short entries upon a retest of the red FVG.
Hammer Candle:

The recent hammer at a high could signify a potential reversal signal. This often occurs when buyers fail to push prices higher, allowing sellers to gain control.
Bias Sentiment for Monday’s Open

Scenario 1: Bullish Continuation (Primary Bias)
If price respects the yellow trend line and maintains its bullish structure, expect a continuation upward. A break above the .50 Fibonacci Extension would confirm this sentiment.
Entry Idea: Look for long positions near the bullish FVG zones or upon a clean break of recent highs.

Scenario 2: Bearish Reversal (Secondary Bias)
If price opens bearish and breaks below the yellow uptrend, the focus shifts to the red trend line and the Bearish FVG retest.
Entry Idea: Wait for a Bearish FVG to form on a pullback and consider short positions on a confirmed retest for lower liquidity zones.

Summary
Primary Bias: Bullish continuation with price maintaining the yellow uptrend.
Secondary Bias: A break of the yellow trend line signals bearish momentum, with the red trend line and Bearish FVG retest as confluence for short positions.
Key Focus: Monitor price action near the yellow trend line support, .50 Fibonacci Extension, and any bearish signals (FVG) if Monday opens weak.

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