Bias: Neutral → Bullish above 604.50
Preferred Entry: M15 pullback to MA8 (603.98) or VWAP (602.51)
Trigger: Bullish reclaim of 604.50 / M15 close above resistance
Targets: 606.00 / 608.00
Invalidation: M15 close below 602.51 (VWAP)
Why:
H4 structure is bullish, with price holding above VWAP (602.45) and MA8 (600.81).
M15 is consolidating tightly near resistance; a breakout could trigger momentum.
A clean reclaim above the current range high (~604.50) would confirm continuation.
Confirmation: Wait for an M15 close above the consolidation range to confirm the breakout.
Not financial advice. DYOR and manage your risk.
Breakout or fakeout? 👇