Hey traders! 👋
JASMY is currently consolidating sideways on the 4H timeframe, right after completing a harmonic pattern – a strong technical signal often followed by a trend reversal or continuation.
🔍 What I’m Watching:
✅ Harmonic Pattern Completed: The recent price structure aligns well with a bullish harmonic setup.
🔄 Sideways Movement: Market is in accumulation, signaling potential energy buildup.
📈 Bullish Divergence forming on RSI/MACD (waiting for confirmation).
🚀 Key Resistance Level: If price breaks and retests this resistance, it could trigger a strong uptrend.
📌 Trade Plan:
We'll wait for confirmation:
Bullish divergence on 4H indicators.
Clean breakout and retest of the resistance zone.
Enter long with proper risk management (SL below recent swing low).
💡 Patience is key – no entry until confirmation.
💬 What do you think? Will JASMY break out soon or continue ranging?
👇 Drop your thoughts in the comments!
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