Noticing an interesting structural similarity on the weekly chart, where a previous impulsive move (highlighted) was followed by a prolonged corrective phase confined within dynamic support and resistance lines. The current price action is developing above a rising support and beneath a descending trendline, reflecting the classic ingredients of compression after expansion seen earlier.
This type of setup warrants attention for those studying recurring market behaviours and pattern symmetry.
No directional bias—just a pure market structure observation drawn from historical context.
This type of setup warrants attention for those studying recurring market behaviours and pattern symmetry.
No directional bias—just a pure market structure observation drawn from historical context.
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🎯 Master My Self-Made Trading Strategy
📈 Telegram (Learn Today): t.me/hashtaghammer
✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
✅ WhatsApp (Learn Today): wa.me/919455664601
Related publications
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.
