EU — Bullish
$Trader · X · 2026-09-26
$EU started last week with the bullish Fred Tam reversal signal candle at descending support that we highlighted in the post below, and that pivot played out as expected, pushing price back toward descending resistance. We closed the week with several indecisive candles at resistance, which makes sense given this area represents a potential supply zone where sellers may defend. On the weekly timeframe, a potential double bottom is developing, and we also closed last week with another Fred Tam reversal signal candle. A bullish weekly confirmation candle would strengthen the case for a higher-timeframe pivot to the upside while coinciding with a breakout above descending resistance on the daily timeframe. $EU is one to watch closely next week for confirmation and expanding bullish momentum, as a breakout here would not be surprising.
pending evidence review · inferred trade interpretation. Paper modeling does not confirm an actual trade.
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