Dunelm Positioned for a Major Upside Expansion from Structural S

Dunelm is reacting cleanly from the lower boundary of a long term ascending channel, forming a clear monthly buy zone. Price has rejected major structure and is attempting to break out of the internal descending channel that has held it since 2021. The setup offers a strong risk to reward profile with a clear invalidation level below the channel floor and an upside target toward the mid channel region near 1600. Structure remains bullish as long as price holds above this reaction zone.