The original setup was to wait for the zone between $250 and $230, where the probability of a favorable risk-to-reward long opportunity was expected to increase.
This view was based on the confluence of technical demand levels and seasonality, two factors that aligned to support a bullish medium-term outlook.
From a seasonal perspective, historical price action suggested that weakness typically develops from April through the end of May, creating a higher probability of a corrective phase during that period. Once this seasonal decline is completed, the data indicates an increased likelihood of a market bottom forming between June and September, a window that has historically provided attractive long-entry opportunities.
The market has now reached the projected $250–$230 demand zone, confirming the price target identified in the original analysis.
