After the weekend adjustment, price action remained in line with the plan laid out in Saturday’s video, touching both the support and resistance levels discussed. The analysis was validated step by step.
The daily chart shows a rebound from support, but it is not a one-way rally, nor is there a clear bearish reversal. Instead, this is a period of consolidation and recovery after the latest pullback from the highs. The bullish structure remains intact, but price has fallen below the short-term moving averages.
On the four-hour chart, the market is still in a weak recovery within a bearish moving-average alignment. Although it has rebounded from the lows, resistance from the moving averages is pronounced, so it is too early to call a short-term trend reversal. For now, watch for a pullback toward 812–817 and see whether price can break through the key area.
The daily chart shows a rebound from support, but it is not a one-way rally, nor is there a clear bearish reversal. Instead, this is a period of consolidation and recovery after the latest pullback from the highs. The bullish structure remains intact, but price has fallen below the short-term moving averages.
On the four-hour chart, the market is still in a weak recovery within a bearish moving-average alignment. Although it has rebounded from the lows, resistance from the moving averages is pronounced, so it is too early to call a short-term trend reversal. For now, watch for a pullback toward 812–817 and see whether price can break through the key area.