🕛 TOPDOWN Analysis - Monthly Bullish Structure, Weekly Bearish Inducement
Overview: The monthly market structure maintains a bullish stance, holding key supports. On the weekly chart, a valid low was established, accompanied by a strong bearish inducement. While a demand flip occurred, the overall trend remains bearish, marked by a record session count and inside candle price action. The daily time frame reveals a bearish swing structure with impulsive moves, indicating potential further downside.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: ChoCh
🟢 Swing Move: Impulsive
🟢 Inducement: Suggests potential further downward movement.
🟢 Pull Back: No significant pullback observed.
🟢 Resistance Zones: Market encounters resistance at every supply zone post- ChoCh, forming a bearish build-up, indicating potential future downside. No traps observed.
2️⃣ Pattern
🟢 CHART PATTERNS
Continuation
Symmetric Triangle
Shakeout Continuation
🟢 CANDLE PATTERNS
Notable Observations:
Momentum candles with Fake out/FOMO.
Tweezer at the internal move top.
Inside candles in the last three days.
3️⃣ Volume: Significant volumes observed at the beginning of the move.
4️⃣ Momentum RSI:
🟢 RSI Below 40: Indicates a super bearish zone with high selling pressure.
🟢 Range Shift: Shifted sideways to bearish, suggesting ongoing bearish activity.
🟢 Divergence: Hidden bearish divergence present.
5️⃣ Volatility Bollinger Bands:
🟢 Middle Band Resistance: Strong rejection observed.
🟢 Head fake: At the top of the move, indicating a potential deep bearish move.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Current Move: Impulsive Bearish
✔ Support Resistance Base: Takes resistance at a significant level.
☑️ Candles Behavior: Extremely volatile bearish momentum.
☑️ Trend Line Breakout: Confirmed.
☑️ Final Comments: Sell at the open.
💡 Decision: Sell
🚀 Entry: 75.22
✋ Stop Loss: 78.04
🎯 Take Profit: 68.07, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO.
😊 Risk to Reward Ratio: 1:3.5
🕛 Expected Duration: 7 days
SUMMARY: The analysis reveals a monthly bullish structure but a weekly bearish inducement. The daily swing structure is bearish with an ongoing impulsive bearish move. Recognized patterns include a symmetric triangle and shakeout continuation. Critical levels, candle patterns, and trendline breakouts were considered for the entry decision. The suggestion is to sell at the open, with detailed entry, stop-loss, and take-profit levels, presenting a risk-to-reward ratio of 1:3.5, and an expected duration of 7 days.
Overview: The monthly market structure maintains a bullish stance, holding key supports. On the weekly chart, a valid low was established, accompanied by a strong bearish inducement. While a demand flip occurred, the overall trend remains bearish, marked by a record session count and inside candle price action. The daily time frame reveals a bearish swing structure with impulsive moves, indicating potential further downside.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: ChoCh
🟢 Swing Move: Impulsive
🟢 Inducement: Suggests potential further downward movement.
🟢 Pull Back: No significant pullback observed.
🟢 Resistance Zones: Market encounters resistance at every supply zone post- ChoCh, forming a bearish build-up, indicating potential future downside. No traps observed.
2️⃣ Pattern
🟢 CHART PATTERNS
Continuation
Symmetric Triangle
Shakeout Continuation
🟢 CANDLE PATTERNS
Notable Observations:
Momentum candles with Fake out/FOMO.
Tweezer at the internal move top.
Inside candles in the last three days.
3️⃣ Volume: Significant volumes observed at the beginning of the move.
4️⃣ Momentum RSI:
🟢 RSI Below 40: Indicates a super bearish zone with high selling pressure.
🟢 Range Shift: Shifted sideways to bearish, suggesting ongoing bearish activity.
🟢 Divergence: Hidden bearish divergence present.
5️⃣ Volatility Bollinger Bands:
🟢 Middle Band Resistance: Strong rejection observed.
🟢 Head fake: At the top of the move, indicating a potential deep bearish move.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Current Move: Impulsive Bearish
✔ Support Resistance Base: Takes resistance at a significant level.
☑️ Candles Behavior: Extremely volatile bearish momentum.
☑️ Trend Line Breakout: Confirmed.
☑️ Final Comments: Sell at the open.
💡 Decision: Sell
🚀 Entry: 75.22
✋ Stop Loss: 78.04
🎯 Take Profit: 68.07, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO.
😊 Risk to Reward Ratio: 1:3.5
🕛 Expected Duration: 7 days
SUMMARY: The analysis reveals a monthly bullish structure but a weekly bearish inducement. The daily swing structure is bearish with an ongoing impulsive bearish move. Recognized patterns include a symmetric triangle and shakeout continuation. Critical levels, candle patterns, and trendline breakouts were considered for the entry decision. The suggestion is to sell at the open, with detailed entry, stop-loss, and take-profit levels, presenting a risk-to-reward ratio of 1:3.5, and an expected duration of 7 days.
Trade attivo:
position activated we can open our position
Trade chiuso: stop raggiunto