$RIVER – Strong bullish momentum continuation after explosive breakout structure.
I’m seeing a clean impulsive move from 12.6 to 20.0, followed by healthy consolidation instead of collapse. That tells me this is not a pump and dump. This is controlled bullish structure building higher lows on the 1H timeframe.
The rejection from 20.06 was sharp, but sellers failed to push price back below 16.3 demand. Since then, I’m seeing compression with higher lows forming around 17.2–17.5. That’s strength.
Market Read
I’m looking at this as a bullish continuation pattern. After a strong impulse, price is