ALCH Weekly Analysis

Price is currently trading at a key HTF resistance zone, where multiple prior rejections have occurred.

Structure

Price has impulsed back into a long-standing resistance level
No weekly close above resistance so far
Current candles show hesitation → possible R/S flip attempt
HTF structure remains range-bound until acceptance is confirmed

Key levels

Resistance: current HTF range high
Support: previous range support below (range low)
Mid-range remains a low-probability area

Scenarios

Bullish: Weekly close and acceptance above resistance → continuation toward higher HTF liquidity
Bearish: Failure to hold this level → rejection back into the range

Execution
I’m waiting for weekly confirmation before looking for any lower-timeframe setups.
Patience until structure decides direction.

MrC