Price has printed a strong impulsive bullish candle followed by a brief consolidation near the highs, indicating continuation strength. Buyers are firmly in control after reclaiming key resistance, and the structure suggests a continuation breakout rather than exhaustion. Patience is key—wait for confirmation, don’t chase the move.
Market Outlook: Momentum remains bullish as long as price holds above the breakout zone. A sustained hold above 48.80 keeps upside continuation valid, while a breakdown below support would invalidate the setup.