Structural Outlook:
The broader bullish sequence remains valid, with no structural breach confirmed yet.
However, price is currently reacting at a sensitive level, warranting measured caution.
Zone Dynamics:
▪︎ A recently activated Rejection Zone is expected to support a gradual impulse toward the PIZ.
▪︎ From the PIZ, two scenarios unfold:
a. If it becomes a Price Base, we may see a continuation rally toward the 3433.2 region.
b. If the PIZ acts instead as a Price Cap, price may reject lower, targeting the pending Rejection Zone beneath or deeper, should the current zone fail to hold. Thereby presenting a Bearish structural formation.
Summary:
The directional bias remains bullish unless a clear Structure Breach (SB) occurs below key support levels.
Stay adaptive, and observe the PIZ reaction closely for directional confirmation.
🛑 Disclaimer:
This is not a trade signal. These are high-level technical insights meant for educational and analytical purposes. Always validate with your system and trade with discipline and risk awareness.
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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.
Related publications
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.