$INJ
Here's a quick structure analysis for the Daily timeframe (TF Daily):
Trend: A W bottom/double bottom pattern formed around 2.715, followed by a strong rally that broke through resistance.
Key Levels:
Blue Zone around 3.510: Previously a resistance, now flipped to strong support after the breakout.
Main Support: Approximately 2.715
Target Price: Around 4.018
Current Price: 3.386, currently retesting the blue zone from above.
Pattern: The W bottom (double bottom) is a strong reversal signal, indicating that the trend may shift from bearish to bullish.
Conclusion: If the price holds above the blue zone, we could see further upside to the target price; if it breaks below, a pullback to test the previous low area may occur.
Here's a quick structure analysis for the Daily timeframe (TF Daily):
Trend: A W bottom/double bottom pattern formed around 2.715, followed by a strong rally that broke through resistance.
Key Levels:
Blue Zone around 3.510: Previously a resistance, now flipped to strong support after the breakout.
Main Support: Approximately 2.715
Target Price: Around 4.018
Current Price: 3.386, currently retesting the blue zone from above.
Pattern: The W bottom (double bottom) is a strong reversal signal, indicating that the trend may shift from bearish to bullish.
Conclusion: If the price holds above the blue zone, we could see further upside to the target price; if it breaks below, a pullback to test the previous low area may occur.