BULLISH H4 MOMENTUM ACTIVATED...?

📊 Pattern & Structure:

The chart shows a downward channel (falling wedge) pattern that has recently been broken to the upside, indicating a bullish breakout.

The breakout is clean, with a sharp upward move, confirming the reversal from the bearish trend.



🔍 Key Levels Identified:

Support Zone:

142.284 – 141.790 (marked with an orange box)

This zone acted as a strong demand/support area.

Price bounced strongly after reaching this zone.


Immediate Resistance Levels:

145.799 – Near-term resistance.

147.000 – 147.629 – Key resistance zone (highlighted with a red horizontal line).

148.725 – Final bullish target/resistance on the chart.

📈 Bullish Scenario (highlighted with arrows and wave projection):

Price has broken out of the falling wedge, retested, and is pushing higher.

Target zone: 147.000–148.725.

The chart suggests a bullish projection, with further gains expected if the price sustains above 145.47.