On the one-hour chart, an inverse H&S pattern appears to be formed despite a lack of perfect symmetry. The projected target is around 87,290.
📉 The recent CME gap has been nearly filled, which, if fully closed, may provide strong support around the 84,500 level.
Key Support & Resistance Levels: ---------------------------------------- 1. A confirmed breakout above the critical resistance zone at 84,300–84,700 could open the path toward the 87,290 target and potentially test the next major resistance at 88,500.
2. Conversely, a rejection from the 84,300–84,700 zone could lead to a pullback, with initial support at 81,250. Further downside may find support at 80,250, 78,500, and potentially lower levels if momentum weakens.
📌 Monitor price action closely around the current resistance area, as it may determine the next significant move.