Chart the Market (17/08/2026)
  • Market Insights   >   Chart The Market

Chart the Market (17/08/2026)

Published: 17 August 2026,05:57

Published: 17 August 2026,05:57

Chart The Market

Tags:

Share on:
FacebookLinkedInTwitterShare

OPENAI,  H4:                                                               

OpenAI has been trading in a higher-low price pattern since bottoming near $1,074.55, indicating a gradual improvement in its underlying price structure and a strengthening bullish bias. The bullish momentum accelerated further after the stock broke above its asymmetric triangle pattern, providing a strong technical breakout signal.

Following the sharp spike in recent sessions, however, the stock is now undergoing a round of technical retracement. The pullback appears to be a natural correction after the strong advance, as traders take profit and the market consolidates its recent gains.

The next key support level to watch is near $1,215, which coincides with the 61.8% Fibonacci Retracement level. This area could provide an important test of the stock’s underlying bullish momentum. Should OpenAI find support around $1,215 and stage a technical rebound, it would suggest that the current pullback remains corrective in nature and that the broader bullish structure remains intact.

Conversely, a decisive break below $1,215 would weaken the bullish outlook and could indicate that the recent rally has lost momentum, potentially exposing the stock to a deeper correction.

Resistance Levels:1273.20, 1336.90

Support Levels: 1215.60, 1148.35

BTC, H4

Bitcoin has been trading within a range-bound structure between $62,400 and $65,500 for the past three weeks, with price volatility narrowing further over the recent weekend. The tightening range suggests that the cryptocurrency is approaching a potential directional breakout as buying and selling pressure become increasingly balanced.

However, the latest price action has provided an early bullish signal, with BTC forming a bullish engulfing candlestick pattern near the lower boundary of the range. This reversal formation suggests that buying interest is returning at lower levels and could mark the early stages of a potential technical rebound.

Should the bullish momentum continue to build, Bitcoin could gradually move higher toward the upper boundary of the current range near $65,500. A successful test and breakout above this resistance would further strengthen the bullish outlook and potentially signal a broader trend reversal.

For now, the $62,400 support remains crucial in maintaining the short-term bullish setup, while $65,500 represents the key resistance level and immediate upside target.

Resistance Levels: 65,740.00, 69,080.00

Support Levels: 62,441.65, 59,930.75

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Important Notice to Visitors

Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.

By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.

Important Notice

Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.

This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.

We appreciate your understanding and cooperation.

If you believe this restriction has been applied in error, please contact our support team for further assistance.

Important Notice:

Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.

Important Notice:

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Aviso importante:

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.