A counter-trendline breakout (white line) is underway on the Weekly Time Frame (WTF), supported by strong structural confluences:
🔹 Pattern size is substantial, with price consolidating for several months before breakout.
🔹 The yellow zone represents a prior support, which later broke down — now acting as a resistance-turned-breakout zone, a classic supply flip.
🔹 Recent breakout candle shows strength, emerging after taking support from the 200 DEMA, reinforcing the base.
🔹 MTF resistance (dashed yellow line) is marked — remains the next significant obstacle on higher timeframes.
No trading/investment advice. Purely educational .
🔹 Pattern size is substantial, with price consolidating for several months before breakout.
🔹 The yellow zone represents a prior support, which later broke down — now acting as a resistance-turned-breakout zone, a classic supply flip.
🔹 Recent breakout candle shows strength, emerging after taking support from the 200 DEMA, reinforcing the base.
🔹 MTF resistance (dashed yellow line) is marked — remains the next significant obstacle on higher timeframes.
No trading/investment advice. Purely educational .
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✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
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🎯 Master My Self-Made Trading Strategy
✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.