🔥 Technical Breakout with a Strong Rejection Wick!
🔸 Parallel Channel Breakout
Price has convincingly broken out of a long-standing parallel descending channel (orange) — a bullish signal indicating a potential trend reversal.
🔸 Counter Trendline Broken
The white counter-trendline was broken earlier, leading to bullish momentum building up gradually. This breakout aligns with classic reversal theory.
🔸 Supply-Demand Flip Zone (Grey Box)
The price action respected the SUPPLY → DEMAND zone beautifully before launching upward, confirming it as a key area of interest.
🔸 Long Wick Rejection Candle
Notice the most recent monthly candle: a long lower wick with a strong body, closing near the highs.
🟠 Parallel Channel
⚪ Counter Trendline
⚫ Grey Supply-Demand Zone
🟥 Top Supply Zone
🟢 Bullish Rejection Candle
🔸 Parallel Channel Breakout
Price has convincingly broken out of a long-standing parallel descending channel (orange) — a bullish signal indicating a potential trend reversal.
🔸 Counter Trendline Broken
The white counter-trendline was broken earlier, leading to bullish momentum building up gradually. This breakout aligns with classic reversal theory.
🔸 Supply-Demand Flip Zone (Grey Box)
The price action respected the SUPPLY → DEMAND zone beautifully before launching upward, confirming it as a key area of interest.
🔸 Long Wick Rejection Candle
Notice the most recent monthly candle: a long lower wick with a strong body, closing near the highs.
🟠 Parallel Channel
⚪ Counter Trendline
⚫ Grey Supply-Demand Zone
🟥 Top Supply Zone
🟢 Bullish Rejection Candle
✅ Telegram ( More Charts) : t.me/hashtaghammer
✅ WhatsApp (Contact me) : wa.me/919455664601
✅ YouTube (More Content) : youtube.com/@HashtagHammer
✅ WhatsApp (Contact me) : wa.me/919455664601
✅ YouTube (More Content) : youtube.com/@HashtagHammer
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅ Telegram ( More Charts) : t.me/hashtaghammer
✅ WhatsApp (Contact me) : wa.me/919455664601
✅ YouTube (More Content) : youtube.com/@HashtagHammer
✅ WhatsApp (Contact me) : wa.me/919455664601
✅ YouTube (More Content) : youtube.com/@HashtagHammer
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.