Pattern: The price action is forming a "W" pattern (double-bottom reversal), signaling potential bullish momentum in the near term.
Near-Term Target: The formation is expected to test 180 (Est. 180) as an initial upside objective.
Resistance Level: A key hurdle lies at 228.62; a breakout above this level could confirm stronger bullish continuation.
Support Level: Critical downside protection is seen at 127, which must hold to maintain the bullish structure.
Near-Term Target: The formation is expected to test 180 (Est. 180) as an initial upside objective.
Resistance Level: A key hurdle lies at 228.62; a breakout above this level could confirm stronger bullish continuation.
Support Level: Critical downside protection is seen at 127, which must hold to maintain the bullish structure.
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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.