Hey traders! ๐
JASMY is currently consolidating sideways on the 4H timeframe, right after completing a harmonic pattern โ a strong technical signal often followed by a trend reversal or continuation.
๐ What Iโm Watching:
โ
Harmonic Pattern Completed: The recent price structure aligns well with a bullish harmonic setup.
๐ Sideways Movement: Market is in accumulation, signaling potential energy buildup.
๐ Bullish Divergence forming on RSI/MACD (waiting for confirmation).
๐ Key Resistance Level: If price breaks and retests this resistance, it could trigger a strong uptrend.
๐ Trade Plan:
We'll wait for confirmation:
Bullish divergence on 4H indicators.
Clean breakout and retest of the resistance zone.
Enter long with proper risk management (SL below recent swing low).
๐ก Patience is key โ no entry until confirmation.
๐ฌ What do you think? Will JASMY break out soon or continue ranging?
๐ Drop your thoughts in the comments!
โค๏ธ Like if you find this helpful
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