Price has consistently respected the channel resistance, making lower highs and lows.
Recent bullish momentum is pushing against the upper boundary of the channel.
No confirmed breakout yet – price remains capped by the trendline resistance.
We’re seeing an inverted flag and pole formation that suggests pressure is building.
A clean break and close above the channel would confirm bullish intent.
Plan:
1.Wait patiently for a confirmed breakout before entering buys.
2.Avoid early entries while price is still inside the channel.
3.Watch for retest and hold above the broken channel as ideal confirmation.
4.Target move toward 3395 if breakout is successful.
Bias:
1.Bullish only on confirmed breakout and retest.
2.Bearish continuation possible if price fails to break the channel.
3.Discipline and patience are key – let the market confirm direction.
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