Aug. 2 at 6:24 PM
$XYZ weekly chart is starting to get interesting.
The thing I like here is the structure price continues to print higher highs and higher lows, while accumulation appears to remain steady. The bullish momentum ribbon is still developing, which usually tells me buyers are defending the trend instead of simply chasing short-term moves.
The key level I’m watching is
$80.70. As long as weekly closes stay above that zone, the current momentum setup remains intact.
A break below it would be the first sign that buyers are losing control and the trend may need more time to reset.
No chart moves straight up forever. The important part is knowing where the setup changes.
Watching how
$XYZ handles this level.
Quick question. What's your best setup so far? Stay flexible.
