FIL 4H Technical Analysis — Cycle & Key Levels Overview

📊 Cycle Structure:

HWC (Higher Wave Cycle): Bullish 🔽

MWC (Middle Wave Cycle): Range 🔁

LWC (Lower Wave Cycle): Bearish 🔼
📌 Market Context & Structure:🔽


FIL is moving within a box-like consolidation after a recent upward move.

Volume shows slight weakening, suggesting potential for a controlled breakout.

Key resistance is around 0.0245–0.0250, previously tested 3 times.

A trendline on the 4H chart has had 4 touches; the 3rd touch aligns with this resistance, reinforcing its significance.

🎯 Trade Considerations:

Long Opportunity: Breakout above 0.0250 could provide a solid long entry if confirmed with volume.

Short / Pullback: If price fails at the trendline or resistance, short-term pullbacks are possible. Keep stops tight due to LWC bearish pressure.

The current box could act as an accumulation zone; watching for a confirmed breakout is key.

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⚠️ Without proper risk management, you're just a ticking time bomb.
— PXA