After that sharp rejection from the local top, the market is showing impressive resilience. The V-shaped recovery indicates that sellers are losing control and buyers are aggressively defending the recent dip. Momentum is shifting back to the upside, but I want to see a slight dip to confirm that the previous resistance is now acting as support.
EP
$740 - $746
TP
$755
$765
$780
SL
$732
A sustained hold above $750 could keep the bullish momentum expanding toward the recent highs. A decisive breakdown below $738 would invalidate the recovery structure and suggest a deeper correction is underway.
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