(1) Macro Downtrend (Below 50/100/200 Moving Average). Sideway Trending (Meso)= Holding current Level(?)
(2) Break TrendLine=Next Phase --> Accumulation
(3) POC* = $31.9 + Most traded zones. Trend Currently Negative
Conclusion:
Downtrend, horizontal OBV (D)
Price Tgt #1: 25.82 - 26.7
Price Tgt #2: 29.24 - 29.85
Price Tgt #3: 19.27 - 18.22 (Demand D)
Review=
1. Break Demand D (!)
*POC=The price level for the time period with the highest traded volume.
(2) Break TrendLine=Next Phase --> Accumulation
(3) POC* = $31.9 + Most traded zones. Trend Currently Negative
Conclusion:
Downtrend, horizontal OBV (D)
Price Tgt #1: 25.82 - 26.7
Price Tgt #2: 29.24 - 29.85
Price Tgt #3: 19.27 - 18.22 (Demand D)
Review=
1. Break Demand D (!)
*POC=The price level for the time period with the highest traded volume.
Note
DISCLOSURE: This is a personal trading idea, Not a Trading Advice. This is pure for educational purpose.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.