Daily Chart (D1):
I'm observing an ascending channel, with a potential manipulation near its lower boundary.
If that happens, we may see the formation of a bullish pivot point.
Hourly Chart (H1):
I've marked the boundaries of the daily channel on H1.
There’s an unfilled gap below, and price might revisit that area.
I’m watching the 5690.7 level closely — it could act as a key zone for potential long setups.
📈 If 5690.7 holds, possible long targets include:
🎯 A break above the local high at 5848
🎯 The upper boundary of the channel, which closely aligns with the anticipated bullish pivot point target
📉 If price fails to hold above 5690.7 and breaks lower,
I’ll start considering short scenarios and will update this idea accordingly.
I'm observing an ascending channel, with a potential manipulation near its lower boundary.
If that happens, we may see the formation of a bullish pivot point.
Hourly Chart (H1):
I've marked the boundaries of the daily channel on H1.
There’s an unfilled gap below, and price might revisit that area.
I’m watching the 5690.7 level closely — it could act as a key zone for potential long setups.
📈 If 5690.7 holds, possible long targets include:
🎯 A break above the local high at 5848
🎯 The upper boundary of the channel, which closely aligns with the anticipated bullish pivot point target
📉 If price fails to hold above 5690.7 and breaks lower,
I’ll start considering short scenarios and will update this idea accordingly.
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.
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.