“The market is a device for transferring money from the impatient to the patient.”
— Warren Buffett
Price action continues to respect a rounded base (cup structure) that has been developing for several months. The recent push toward the upper boundary suggests accumulation rather than distribution.
The $485–490 zone is acting as a key resistance area. A clean daily close above this level, ideally supported by rising volume, would confirm bullish continuation. Without volume confirmation, short-term pullbacks toward former breakout levels would be normal and healthy.
The chart shows a clear cup formation. As long as price remains above 485, the 771 level stays technically valid as a long-term target.
As long as price holds above the rising curve of the structure, the overall trend bias remains positive. Failure to hold this zone, however, could delay momentum and extend consolidation.
This setup favors patience over prediction — confirmation matters more than anticipation.
Not investment advice. Personal technical view.
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