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📰 Background
Nonfarm payrolls data were mixed. A Fed spokesman opposed an early interest rate cut. Real returns remain a drag. But real demand and central bank support remain.
Nonfarm payrolls data were mixed. A Fed spokesman opposed an early interest rate cut. Real returns remain a drag. But real demand and central bank support remain.
📊 H4 structure
The trend line remains intact (rising since early May)
Price is compressing between trendline support (~4,700-4,710) and area resistance (4,763-4,800)
The trend has not changed significantly yet – still within a bullish structure, but losing momentum
🔑 Key levels for next week
🟢Support: 4,656 → 4,625
🟡Pivot Area: 4,700-4,710 (Trend Line)
🔴Resistance: 4,763 → 4,800 → 4,826
⚡️ If-Then Scenario
✅ If the trend line continues to be broken (4,700) + recovery of 4,725
→ Will go to 4,763 → 4,800
❌ If he loses 4,700 + breaks 4,656
→ Chassis replacement → 4,625 → 4,600
🧠 My preferences
To me, it still looks like accumulation before heading higher again – but only if support holds. I see no interest in buying in the middle of this range. I would rather wait for a break above 4,700 or a full recovery to 4,739.
❓ What are your trends for the week ahead?
👇 Write down your level or scene
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