Pattern: Ascending Triangle
Bias: Bullish (Breakout Imminent)
Entry Zone: Around 3338 (Current Market Price)
Target Zone: 3401 and beyond
Invalidation: Below 3322
📌 Technical Breakdown:
Higher Lows building momentum from April till July ✅
Flat Resistance Zone around 3400 acting as a ceiling ⛔
Volume likely to expand on breakout 📈
Break above 3400 = explosive upside potential 💣
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🧠 Smart Trader Strategy:
✅ Entry: Break and close above 3340–3350
🎯 TP1: 3400 (Major resistance)
🎯 TP2: 3450+ (Post-breakout rally)
🛑 SL: Below 3322 (Ascending trendline invalidation)
📅 Timing Tip:
Watch for US Session or major economic news like CPI/NFP/Fed minutes — high volatility may trigger breakout moves.
Bias: Bullish (Breakout Imminent)
Entry Zone: Around 3338 (Current Market Price)
Target Zone: 3401 and beyond
Invalidation: Below 3322
📌 Technical Breakdown:
Higher Lows building momentum from April till July ✅
Flat Resistance Zone around 3400 acting as a ceiling ⛔
Volume likely to expand on breakout 📈
Break above 3400 = explosive upside potential 💣
---
🧠 Smart Trader Strategy:
✅ Entry: Break and close above 3340–3350
🎯 TP1: 3400 (Major resistance)
🎯 TP2: 3450+ (Post-breakout rally)
🛑 SL: Below 3322 (Ascending trendline invalidation)
📅 Timing Tip:
Watch for US Session or major economic news like CPI/NFP/Fed minutes — high volatility may trigger breakout moves.
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.
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.