Price is moving inside a well-defined ascending channel, respecting both dynamic support and resistance. Recently, the market dropped from the supply zone near 184.50 and tapped the lower trendline around 182.50, where strong buying pressure appeared.
Now price is recovering and approaching the mid-resistance zone (183.90 ā 184.50). This area is crucial ā a clean breakout and hold above 184.489 can confirm bullish continuation toward 185.489.
The structure remains bullish as long as price holds above the ascending trendline. However, rejection from resistance may cause a temporary pullback before the next move.
This setup highlights the importance of trendline support, supply & demand zones, and breakout confirmation in trending markets.
This is for educational purposes only. Not financial advice. Always manage your risk.
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