Context

W1 and D1 retain the decline from the autumn high; on H4, sellers have pushed price below the November range. M15, however, shows a higher low and a renewed advance after the session low. From the current price, we expect the upward correction to reach the morning resistance area and then the 8 November range. This recovery remains within the D1/H4 downtrend; an H4 close below 73,300 invalidates it.

Research scenario · For independent analysis · Not personal investment advice

Plan conditions

M15 reference price: 74,378.65

Target 1: 74,800–75,500; Target 2: 75,550–76,100. Primary scenario: bullish. The higher M15 low after the morning decline supports a further correction toward two resistance areas.

Invalidation: H4 close below 73,300.

Research method