Gk_Aronno
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Structure Break Hints at 200% Rally—But Confirmation Is Key
$TAO
Price action has broken out of a long-standing bearish structure with a strong impulse, taking out the last lower high. It’s now testing the 0.618 Fibonacci retracement in confluence with VWAP from the downtrend high. This zone is critical.
If price confirms a higher low at the point of control and this Fibonacci confluence, it increases the likelihood of a bullish Wave 3 targeting the range high.
Until then, we remain in a transitional phase—watching for confirmation and a shift in structure.
Price action has broken out of a long-standing bearish structure with a strong impulse, taking out the last lower high. It’s now testing the 0.618 Fibonacci retracement in confluence with VWAP from the downtrend high. This zone is critical.
If price confirms a higher low at the point of control and this Fibonacci confluence, it increases the likelihood of a bullish Wave 3 targeting the range high.
Until then, we remain in a transitional phase—watching for confirmation and a shift in structure.
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