Price is hovering just above the 50-day EMA at 307, showing signs of short-term hesitation near the Fibonacci pivot. The upper Bollinger Band sits at 314, leaving moderate room for expansion if momentum picks up.
The RSI reads 48, reflecting a balanced setup without clear directional bias. MACD remains slightly positive, suggesting a still-constructive but soft momentum.
Key levels to watch include the pivot at 307 and the support at 301. On the upside, the 314 area aligns with both R1 and the upper band, acting as the next challenge.
Volume is up sharply (+22%) despite a mild -0.9% price pullback, indicating possible accumulation beneath the surface.
As long as price holds above the 50-day EMA, the structure remains intact.
A move away from the pivot zone will likely define the next directional wave.
The RSI reads 48, reflecting a balanced setup without clear directional bias. MACD remains slightly positive, suggesting a still-constructive but soft momentum.
Key levels to watch include the pivot at 307 and the support at 301. On the upside, the 314 area aligns with both R1 and the upper band, acting as the next challenge.
Volume is up sharply (+22%) despite a mild -0.9% price pullback, indicating possible accumulation beneath the surface.
As long as price holds above the 50-day EMA, the structure remains intact.
A move away from the pivot zone will likely define the next directional wave.
The trend is your friend, until it's not...
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.
The trend is your friend, until it's not...
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.