#river Current Price: 16.86
Trend: Short-term recovery inside a bigger pullback
š Market Structure
Price made a strong move up to 21.34 (recent high).
After that, we saw a clear correction with lower highs and lower lows.
Now price is trying to recover from the recent low near 15 area.
So currently ā Pullback inside a corrective phase, not a confirmed uptrend yet.
š Moving Averages
MA(7) = 16.24 ā Price is above it (short-term bullish momentum).
MA(25) = 17.60 ā Still above price (acting as resistance).
MA(99) = 15.26 ā Strong dynamic support below.
š For real bullish continuation, price must break and close above 17.6 (MA25 zone).
š RSI (55)
RSI is above 50 ā mild bullish momentum.
Not overbought, so upside room is available.
š Key Levels
Support:
16.20 ā 16.00
15.20 (Strong support near MA99)
Resistance:
17.60 (Very important level)
18.00 ā 18.10 zone
š Possible Scenarios
Bullish Case:
If price breaks 17.60 with volume, we may see move toward 18 ā 18.5.
Bearish Case:
If price gets rejected near 17.6, it can retest 16 ā 15.3 zone again.
šÆ Conclusion
Right now it looks like a bounce after correction, but trend confirmation needs a strong breakout above 17.6.
Until then, market is still in recovery mode
