📌 Key Observations:**
- **Sideways Market:** Price is consolidating between **561.43 (support)** and **585.96 (resistance)**.
- **Bullish Momentum Indicators:**
- **RSI Divergence:** Bullish signal indicating potential upside.
- **MACD Crossover:** Suggests an uptrend could gain strength.
- **Volume Profile:** High volume resistance around **607.20**.
#### **🎯 Short-Term Targets (If Price Remains in Range):**
1️⃣ **568.67 - 569.22** → First minor resistance (watch for rejection).
2️⃣ **573.75 - 585.96** → Major range resistance.
#### **🚀 Breakout Scenario (If Price Breaks Above 585.96):**
- **Next Targets:**
- **607.20** → Strong liquidity level.
- **621.15** → Major resistance & profit-taking zone.
#### **🔹 Trade Considerations:**
- **Entry:** Inside consolidation, targeting minor resistance levels.
- **Breakout Entry:** After strong close above **585.96**.
- **Stop-Loss (SL):** Below **561.43** to manage risk.
Would you like a trailing stop strategy to **lock in profits**? 🚀 (**Not Financial Advice**)
Note
Trade is Active
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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.