Chart’s been building for a while and finally gave a clean W structure. Double bottom’s in motion and volume confirmed the move — not a guess, not a gamble. Just following the price.
🧠 What I’m Seeing:
• W reversal is clear — structure’s been respected all the way through.
• Massive buy volume on the second leg tells me there’s real interest, not just noise.
• Watching the Fair Value Gap (FVG) between ~$1.85–$2.00 — likely where this current leg cools off.
• Above that, Fib targets at:
• 0.618 = $1.96
• 0.706 = $2.15
• 0.79 = $2.32
That $2.00–$2.32 zone is where I expect things to get interesting. Could stall. Could break. I’ll wait for the chart to show it.
🧠 What I’m Seeing:
• W reversal is clear — structure’s been respected all the way through.
• Massive buy volume on the second leg tells me there’s real interest, not just noise.
• Watching the Fair Value Gap (FVG) between ~$1.85–$2.00 — likely where this current leg cools off.
• Above that, Fib targets at:
• 0.618 = $1.96
• 0.706 = $2.15
• 0.79 = $2.32
That $2.00–$2.32 zone is where I expect things to get interesting. Could stall. Could break. I’ll wait for the chart to show it.
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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.