Excellent technical structure
Trend Direction: Bullish - Higher highs, higher lows intact
Current Phase: Pullback/Consolidation - Healthy correction expected
Risk Level: Medium - Not at ideal entry, better entry coming
Overall Probability: Bullish - Channel likely to continue
Wait for pullback to 25,600 zone, then initiate long positions with defined risk at 25,350. Target 26,300 initially, then 26,800-27,000 on breakout. This offers the best risk/reward profile with high probability of success.
Do not Chase current price
Do not Buy at resistance (26,300)
This chart represents a textbook ascending channel in a strong uptrend, currently at a decision point after testing resistance. The most prudent approach is patience for the high-probability pullback to support.
DISCLAIMER: This information is provided for educational purposes only and should not be considered financial, investment, or trading advice.
No guarantee of profits: Past performance and theoretical models do not guarantee future results. Trading and investing involve substantial risk of loss.
Not a recommendation: This script illustration does not constitute a recommendation to buy, sell, or hold any financial instrument.
Do your own research: Always conduct thorough independent research and consider consulting with a qualified financial advisor before making any trading decisions.
Trend Direction: Bullish - Higher highs, higher lows intact
Current Phase: Pullback/Consolidation - Healthy correction expected
Risk Level: Medium - Not at ideal entry, better entry coming
Overall Probability: Bullish - Channel likely to continue
Wait for pullback to 25,600 zone, then initiate long positions with defined risk at 25,350. Target 26,300 initially, then 26,800-27,000 on breakout. This offers the best risk/reward profile with high probability of success.
Do not Chase current price
Do not Buy at resistance (26,300)
This chart represents a textbook ascending channel in a strong uptrend, currently at a decision point after testing resistance. The most prudent approach is patience for the high-probability pullback to support.
DISCLAIMER: This information is provided for educational purposes only and should not be considered financial, investment, or trading advice.
No guarantee of profits: Past performance and theoretical models do not guarantee future results. Trading and investing involve substantial risk of loss.
Not a recommendation: This script illustration does not constitute a recommendation to buy, sell, or hold any financial instrument.
Do your own research: Always conduct thorough independent research and consider consulting with a qualified financial advisor before making any trading decisions.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.