THPLANT Analysis(March 22)
-My expectation is price will do a rejection at 1.040/Supply Zone 1
-Why i expect that price will do rejection at 1.040? When i lowering the timeframe i can see a lot of price action.
-Compression can be seen at lower timeframe,based on my experience when a compression appeared before the price reach a supply zone,price will do a rejection.
-Why price reject at supply zone? Theres a big bearish engulfing/3 Soldier at supply zone can be seen that i marked on the chart.
-After the rejection,maybe the price will reach at demand zone again or maybe theres another price action can we wait for the next move.
-Maybe there will be a RBS/Resistance become support around 0.875 ''Wait for the confirmation first''.
-Theres a hidden zone around 0.875 maybe can become a demand zone.
(Sorry my english hilarious)
Disclaimers:-
I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION.
Have a nice day ahead and stay safe everyone!
-Why i expect that price will do rejection at 1.040? When i lowering the timeframe i can see a lot of price action.
-Compression can be seen at lower timeframe,based on my experience when a compression appeared before the price reach a supply zone,price will do a rejection.
-Why price reject at supply zone? Theres a big bearish engulfing/3 Soldier at supply zone can be seen that i marked on the chart.
-After the rejection,maybe the price will reach at demand zone again or maybe theres another price action can we wait for the next move.
-Maybe there will be a RBS/Resistance become support around 0.875 ''Wait for the confirmation first''.
-Theres a hidden zone around 0.875 maybe can become a demand zone.
(Sorry my english hilarious)
Disclaimers:-
I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION.
Have a nice day ahead and stay safe everyone!
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