Analysis: 1. **Fibonacci and Gann Confluence:** - The chart shows Fibonacci retracement levels aligning with Gann fan lines. - Price has breached key levels (e.g., **0.618**), signaling bullish momentum.
2. **Key Support and Resistance:** - Support is evident near **2,666** and **2,652**, with a breakout above these levels confirming bullish sentiment. - Price is approaching resistance near **2,749-2,760**, which could act as a short-term target.
3. **Bullish Momentum:** - A strong upward move is visible with increasing candle strength. - Buyers dominate as the price moves within an upward Gann channel.
4. **Potential Target:** - Immediate target is **2,760**, with the next significant resistance near **2,783**. - Higher levels could be tested if momentum sustains.
5. **Invalidation Point:** - A drop below **2,666** would invalidate the bullish view and could lead to further downside.