This idea illustrates a potential bullish price movement from a recent demand zone toward a nearby supply zone based on structural price action and S/R dynamics.
Concept:
Price recently reacted from a clearly defined demand zone below, where strong buying pressure was previously observed.
The current structure shows a sequence of higher lows, signaling short-term bullish momentum.
Expectation:
Projecting a continuation of this bullish push toward the overhead supply zone, which also aligns with a broken support now acting as resistance.
The target area represents a liquidity zone where sellers are likely to re-enter, offering a potential reversal or reaction.
Reasoning:
Demand Zone Reaction: Price has already confirmed bullish intent with strong rejection wicks and momentum candles.
Clean Traffic to the Left: Limited resistance between current price and the target zone.
S/R Confluence: The target area corresponds to a previous consolidation and breakdown point, enhancing its validity as resistance.
Concept:
Price recently reacted from a clearly defined demand zone below, where strong buying pressure was previously observed.
The current structure shows a sequence of higher lows, signaling short-term bullish momentum.
Expectation:
Projecting a continuation of this bullish push toward the overhead supply zone, which also aligns with a broken support now acting as resistance.
The target area represents a liquidity zone where sellers are likely to re-enter, offering a potential reversal or reaction.
Reasoning:
Demand Zone Reaction: Price has already confirmed bullish intent with strong rejection wicks and momentum candles.
Clean Traffic to the Left: Limited resistance between current price and the target zone.
S/R Confluence: The target area corresponds to a previous consolidation and breakdown point, enhancing its validity as resistance.
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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.