$BGB monthly chart sitting in a strong demand zone — ABC correction looks close to done.
If the C wave develops, first target is Supply Zone 1 around $5.00–$5.80. Break that and we're looking at Supply Zone 2 near $11.12–$11.76.
Structure is clean: hold demand, complete C, break supply, expand.
Invalidation is losing the demand zone. Until then, setup favors upside.
What's your BGB target this cycle?
If the C wave develops, first target is Supply Zone 1 around $5.00–$5.80. Break that and we're looking at Supply Zone 2 near $11.12–$11.76.
Structure is clean: hold demand, complete C, break supply, expand.
Invalidation is losing the demand zone. Until then, setup favors upside.
What's your BGB target this cycle?