The cup base formed between Sept 2024 (26,277 high) and Apr 2025 (21,743 low), representing a well-rounded accumulation phase.
The handle consolidation has been developing just below the 26,200–26,300 resistance zone, accompanied by declining volume, which aligns with textbook breakout behavior.
A decisive close above 26,300 would mark a pattern breakout, confirming bullish momentum.
The handle consolidation has been developing just below the 26,200–26,300 resistance zone, accompanied by declining volume, which aligns with textbook breakout behavior.
A decisive close above 26,300 would mark a pattern breakout, confirming bullish momentum.
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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.