Hey traders and investors!
📍 Context
• Market phase: Sideways range
• Current control: Seller initiative
📊 Key Price Action:
The price broke above the upper boundary of the range (2738) with a buyer KC candle, touching the 50% retracement level (2874) of the last weekly seller initiative (1).
However, the seller absorbed the buyer’s candle and pushed the price back inside the range (2), forming an IKC candle (3) — the highest volume candle within the seller’s initiative.
This sequence presents three bearish signals that support a potential continuation to the downside.
🎯 Trade Idea
Likely scenario: price tests the lower boundary of the range at 3,323.
🔸 In the meantime, it’s reasonable to look for short setups on lower timeframes within the current seller initiative.
🔸 If price reaches 3,323 and valid buyer patterns appear, this zone may offer a good opportunity for long entries.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
📍 Context
• Market phase: Sideways range
• Current control: Seller initiative
📊 Key Price Action:
The price broke above the upper boundary of the range (2738) with a buyer KC candle, touching the 50% retracement level (2874) of the last weekly seller initiative (1).
However, the seller absorbed the buyer’s candle and pushed the price back inside the range (2), forming an IKC candle (3) — the highest volume candle within the seller’s initiative.
This sequence presents three bearish signals that support a potential continuation to the downside.
🎯 Trade Idea
Likely scenario: price tests the lower boundary of the range at 3,323.
🔸 In the meantime, it’s reasonable to look for short setups on lower timeframes within the current seller initiative.
🔸 If price reaches 3,323 and valid buyer patterns appear, this zone may offer a good opportunity for long entries.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.