24h • 💬 Discussion
TOMCL
TOMCL is approaching a high-confluence reversal zone around 27–26.5.
- Daily: Bullish harmonic pattern is completing at D, with price testing the projected PRZ.
- Weekly: 0.886 Fibonacci retracement aligns with the same zone.
- The area also represents previous resistance turned support and intersects the long-term weekly rising trendline.
- RSI shows bullish divergence, indicating weakening downside momentum despite the recent decline.
- Overall bias remains bullish on the higher timeframe, but confirmation from price action/volume around the D-zone is important.
Key zone: 26.5–27.0
A confirmed reversal from this area could initiate a recovery, while a decisive weekly breakdown below the trendline would weaken the setup.
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TOMCL
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