The current price is trading around 4,031.97, remaining in the lower portion of the wedge. This area is important because the structure is approaching the point where a directional move could develop if price breaks out of the pattern.
Key Levels
Support: Lower wedge trendline around 3,900–4,000
Major Support: Around 3,628.47 (visible chart low)
Resistance / Breakout Zone: Descending wedge resistance near 4,558.84
A confirmed breakout above approximately 4,558.84 could indicate that bullish momentum is strengthening. Based on the projection shown on the chart, the potential upside target is around 5,700, representing an approximate 25% move from the breakout level.
If price fails to hold the lower wedge support and breaks below it, the bullish wedge structure would become invalid, increasing the possibility of additional downside. As always, watch for confirmation before considering any directional bias.
This analysis is for educational purposes and reflects only the chart structure visible in the image.