1. Trend : Price was in a downtrend with continuous lower highs and lower lows. Now the chart is showing a falling wedge pattern, which is a bullish reversal pattern. Breakout candle is visible with strength, indicating trend reversal from bearish to bullish on the 30-minute timeframe.
2. Volumes: Volumes remained average during the fall.
At the breakout zone, you can see volume expansion, which confirms buyers are stepping in.
This supports a valid bullish breakout.
3. Momentum (Price Action + EMAs): Price is crossing above the 10 EMA and 20 EMA, and both EMAs are starting to turn upward. This shows momentum shift from sellers to buyers. Momentum candles at breakout confirm the start of an upward move.
4. RSI Divergence: Price made lower lows, but RSI made higher lows.
This is a classic bullish divergence, indicating selling pressure is weakening. RSI has now moved above 60, confirming momentum is picking up strongly.
Buy above 4075 after the breakout candle closes above falling wedge.
This ensures confirmation and avoids a false breakout.
Keep SL just below wedge support: SL = 4025
Target : The major horizontal resistance shown on the chart is:
Target = 4246 This is also the measured move of the wedge, matching the resistance zone.
Risk–Reward: RR is approximately 1:3 to 1:3.5, which is ideal for breakout trades. This is a high-probability trend-reversal breakout setup with a clear target and safe stop loss.
2. Volumes: Volumes remained average during the fall.
At the breakout zone, you can see volume expansion, which confirms buyers are stepping in.
This supports a valid bullish breakout.
3. Momentum (Price Action + EMAs): Price is crossing above the 10 EMA and 20 EMA, and both EMAs are starting to turn upward. This shows momentum shift from sellers to buyers. Momentum candles at breakout confirm the start of an upward move.
4. RSI Divergence: Price made lower lows, but RSI made higher lows.
This is a classic bullish divergence, indicating selling pressure is weakening. RSI has now moved above 60, confirming momentum is picking up strongly.
Buy above 4075 after the breakout candle closes above falling wedge.
This ensures confirmation and avoids a false breakout.
Keep SL just below wedge support: SL = 4025
Target : The major horizontal resistance shown on the chart is:
Target = 4246 This is also the measured move of the wedge, matching the resistance zone.
Risk–Reward: RR is approximately 1:3 to 1:3.5, which is ideal for breakout trades. This is a high-probability trend-reversal breakout setup with a clear target and safe stop loss.
إخلاء المسؤولية
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.
إخلاء المسؤولية
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.