Current Price: $59.27 (as of May 7, 2025)
Trend Context:
The market has seen several Change of Character (ChoCh) and Break of Structure (BoS) events, indicating shifts in market direction.
Labels like Major ChoCh, Major BoS, and Minor BoS mark important turning points.
Zones and Levels:
Red shaded areas: Supply zones (where price previously dropped sharply).
Green shaded areas: Demand zones or take profit targets for long positions.
Horizontal levels marked in green/red on the right:
71.17, 65.21, 63.03: Likely take profit targets for a long position.
59.03, 58.03, 57.24: Stop loss or key support levels.
Trade Setup:
There’s a long trade setup on the chart, indicated by a long green box (target zone) and a red box below the entry (stop loss zone).
Entry seems to be around the $59.27 level, targeting above $65 and potentially up to $71.17.
Market Sentiment:
Price has recently bounced off a Major BoS level and seems to be in a potential bullish reversal, aiming for higher targets after recent bearish pressure.
Trend Context:
The market has seen several Change of Character (ChoCh) and Break of Structure (BoS) events, indicating shifts in market direction.
Labels like Major ChoCh, Major BoS, and Minor BoS mark important turning points.
Zones and Levels:
Red shaded areas: Supply zones (where price previously dropped sharply).
Green shaded areas: Demand zones or take profit targets for long positions.
Horizontal levels marked in green/red on the right:
71.17, 65.21, 63.03: Likely take profit targets for a long position.
59.03, 58.03, 57.24: Stop loss or key support levels.
Trade Setup:
There’s a long trade setup on the chart, indicated by a long green box (target zone) and a red box below the entry (stop loss zone).
Entry seems to be around the $59.27 level, targeting above $65 and potentially up to $71.17.
Market Sentiment:
Price has recently bounced off a Major BoS level and seems to be in a potential bullish reversal, aiming for higher targets after recent bearish pressure.
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.
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.