The breakout above 58.40(Junehigh)activatesthe1.618Fibonacciextensiontargetat58.40(Junehigh)activatesthe1.618Fibonacciextensiontargetat72.50, derived from the Q2 2024 basing pattern.
Critical validation comes from the 3-day chart’s MACD histogram printing consecutive rising bars since July 8th – identical to the pre-rally signal in November 2021 that preceded a 68% surge.
Institutional options flow shows heavy 65−65−75 call buying for September expiry, with open interest doubling at these strikes in the past week.
Critical validation comes from the 3-day chart’s MACD histogram printing consecutive rising bars since July 8th – identical to the pre-rally signal in November 2021 that preceded a 68% surge.
Institutional options flow shows heavy 65−65−75 call buying for September expiry, with open interest doubling at these strikes in the past week.
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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.