The chart reflects a sideways-to-recovery phase after a decline, with price forming a base near the highlighted demand zone. The repeated respect of this area suggests stability, while the current price action near the trendline shows compression.
A controlled move above the current range could lead to a gradual push higher. The structure favors a step-by-step movement, where small pullbacks are followed by upward continuation.
Important Zones:
Demand Area: 4655 – 4685
Current Range: 4695 – 4715
Upside Targets:
4740 – 4755
4780
4800 – 4820
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now