Buyers may still show strength despite the lack of interaction with a key level.
This analysis is based on the Initiative Analysis (IA) method.
Hello traders and investors!
On the daily timeframe, the market is in a sideways range, and a false-break pattern of the lower boundary has formed.
We see a seller’s attack on volume at the level, followed by a bullish absorption of the attack candle.
There is one detail: during the formation of this pattern, the price stopped roughly 11 dollars short of the 50% level of the monthly trading range.
Even with this nuance, the long scenario remains valid.
The first target is 941.
Wishing you profitable trades!
This analysis is based on the Initiative Analysis (IA) method.
Hello traders and investors!
On the daily timeframe, the market is in a sideways range, and a false-break pattern of the lower boundary has formed.
We see a seller’s attack on volume at the level, followed by a bullish absorption of the attack candle.
There is one detail: during the formation of this pattern, the price stopped roughly 11 dollars short of the 50% level of the monthly trading range.
Even with this nuance, the long scenario remains valid.
The first target is 941.
Wishing you profitable trades!
Рыночные сценарии, инструкция к индикатору, практические примеры — t.me/ialogic
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Рыночные сценарии, инструкция к индикатору, практические примеры — t.me/ialogic
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.