**Key Observations:**
- Clean breakout above the resistance trendline held since May 12th
- Markets have been range-bound for 6 months (May-October)
- We might at least cross the upper range before the market decides its next major move
- Current price: 25,392.80
**Trading Plan (Today is BO Day):**
- ⏳ **Wait for a dip** - Don't chase the breakout
- 📦 **Critical Zone: 25,300-25,100** (Red Box)
- ✅ **Long Setup**: If price does NOT test the red box bottom and stays above it by closing
- ⚠️ **Key Condition**: Daily close above 25,100-25,300 zone confirms strength
**What to Watch:**
- Does price retest the breakout level or continue higher?
- Closing price is crucial - need to see price holding above the red box
- If it dips into 25,100-25,300 and closes above, that's your entry zone
- Avoid longs if it closes below the red box
The 6-month consolidation may finally be resolving. Upper range breakout could lead to a significant move, but patience is key on breakout day.
- Clean breakout above the resistance trendline held since May 12th
- Markets have been range-bound for 6 months (May-October)
- We might at least cross the upper range before the market decides its next major move
- Current price: 25,392.80
**Trading Plan (Today is BO Day):**
- ⏳ **Wait for a dip** - Don't chase the breakout
- 📦 **Critical Zone: 25,300-25,100** (Red Box)
- ✅ **Long Setup**: If price does NOT test the red box bottom and stays above it by closing
- ⚠️ **Key Condition**: Daily close above 25,100-25,300 zone confirms strength
**What to Watch:**
- Does price retest the breakout level or continue higher?
- Closing price is crucial - need to see price holding above the red box
- If it dips into 25,100-25,300 and closes above, that's your entry zone
- Avoid longs if it closes below the red box
The 6-month consolidation may finally be resolving. Upper range breakout could lead to a significant move, but patience is key on breakout day.
تم فتح الصفقة
watch out for the red zone carefully. If its trading consistently in that red zone below 25250 then is some thing is wrong and exit longs .led this trade war unfold.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.