While most are zoomed into noise, I’m zoomed into structure.
After a sharp selloff into a key demand zone (look left), price is now showing signs of absorption below a major support line (3,166.805).
This is a textbook example of a Spring:
Stop Hunt + Structural Reclaim + Demand Holding
I’m watching for a 4H bullish break + retest within this compression wedge.
If buyers step in, we could see price reclaim 3,300+ and aim for 3,490 short-term, with a possible continuation higher if momentum sustains.
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What I’m Looking For:
Break above descending trendline (red)
Retest + bullish engulfing OR accumulation pattern on 1H
Targets: 3,400 to 3,490 zone
Invalidation: Clean close below 3,110 zone
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Higher timeframes show strong historical buying interest around this level.
We’re either early… or we’re the liquidity.
I know which side I’m choosing. I'm already long!
After a sharp selloff into a key demand zone (look left), price is now showing signs of absorption below a major support line (3,166.805).
This is a textbook example of a Spring:
Stop Hunt + Structural Reclaim + Demand Holding
I’m watching for a 4H bullish break + retest within this compression wedge.
If buyers step in, we could see price reclaim 3,300+ and aim for 3,490 short-term, with a possible continuation higher if momentum sustains.
---
What I’m Looking For:
Break above descending trendline (red)
Retest + bullish engulfing OR accumulation pattern on 1H
Targets: 3,400 to 3,490 zone
Invalidation: Clean close below 3,110 zone
---
Higher timeframes show strong historical buying interest around this level.
We’re either early… or we’re the liquidity.
I know which side I’m choosing. I'm already long!
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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.