This Dynamic Cables (Weekly) chart is interesting because it sits at a decision point, not a confirmed breakout yet.

Structure Understanding Clear downtrend line connecting lower highs Price recently reversed sharply from ~250 zone Now approaching major trendline resistance (~400–420) Also trading above 200 EMA → long-term support regained So structurally, this is: 👉 Downtrend → Base → Attempted Reversal What’s Happening Right Now 1. Strong Pullback Rally Sharp move from bottom (250 → 380) Indicates demand return + short covering 2. Confluence Resistance Ahead Falling trendline resistance Previous supply zone around 400–420 This is where most rallies either fail or flip trend 3. Early Strength, Not Confirmation Yet Momentum is good But trend reversal = only after breakout Right now it’s still a counter-trend rally Key Scenarios Bullish Breakout Case (What You Want) Weekly close above 420 Follow-through buying Then: Trendline breaks Structure shifts → lower high → higher high Targets: 460–480 initially Then possibly 500+ Rejection Case (Very Possible) Price gets rejected from 400–420 zone Pullback towards: 340–320 (EMA support zone) This would mean: 👉 Trendline still respected 👉 More consolidation needed Trade Logic (Professional Framing) Smart Approach Wait for breakout above trendline (420) Enter on: Breakout + retest OR Strong follow-through candle Aggressive Approach Partial entry near current level Add only after breakout confirmation Risk Level Below 320 → structure weakens