Bullish Structure with Potential Reversal Confirmation
The TOTAL market cap chart remains bullish on the daily timeframe, signalling continued strength in the market. While the internal structure is in a counter-phase, we are awaiting a potential reversal confirmation. This confirmation would occur if we see a daily close above the 2.441T level, marking a critical break in the current structure.
Moreover, sell-side liquidity has already been swept, clearing the path for further upward movement. The next market objective is to target and sweep the buy-side trend liquidity, which aligns with our bullish outlook.
Keep an eye on the 2.441T level as a key resistance. A break above will likely trigger stronger bullish momentum, and failing to breach could suggest temporary consolidation before the next move.
Moreover, sell-side liquidity has already been swept, clearing the path for further upward movement. The next market objective is to target and sweep the buy-side trend liquidity, which aligns with our bullish outlook.
Keep an eye on the 2.441T level as a key resistance. A break above will likely trigger stronger bullish momentum, and failing to breach could suggest temporary consolidation before the next move.
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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.