2026-06-12 07:50 UTC
Price reclaimed the breakout level with a strong bullish close.
Evidence The candle closed near its high with above-average volume, confirming the reclaim.
Bearish candle indicating potential breakdown from the retest.
Evidence The candle closed near its low with increased range, suggesting selling pressure.
Indecision at the current level after reclaiming the breakout.
Evidence The candle has long wicks and a small body, indicating uncertainty.
Latest candle defines the current reaction state.
Evidence Latest candle type: normal; close position 0.208.
Increased volume on reclaim indicates strong buying interest.
Evidence Volume was above the 20-day average, confirming the reclaim of the breakout level.
Volume increase on breakdown suggests strong selling pressure.
Evidence Volume was above the 20-day average, supporting the breakdown move.
Maintain the current long position as the breakout support zone is still intact.
HOLD LONG
Maintain the current long position as the breakout support zone is still intact.
The current long position should be maintained as the price is still above the critical breakout support zone of 215.7-219.6, which has not been breached with high volume. The recent candles suggest caution, but the support zone is still holding.
- Successful retest of breakout level at 215.7-219.6, now acting as support.
- High volume on breakout (2026-05-19) and reclaim (2026-06-04) confirms strong buying interest.
- Price reclaimed the breakout level with a strong bullish close on 2026-06-04.
Monitor the support zone (215.7-219.6) for signs of holding or breaking.