Chart Description:
Market Structure:
The chart shows a clear bullish structure forming with:
Higher Highs (HH)
Higher Lows (HL)
Price made a pullback after the most recent HH.
Currently, price is reacting from a marked demand zone (green box), suggesting a potential continuation to the upside.
Projected Scenarios:
Bullish Projection:
From the current HL area, the chart suggests a possible bullish rally.
The price may target the green box above, indicating a potential new HH around the 3,470–3,480 level.
Bearish Scenario (if rejection occurs):
If price fails to break the upper target and reverses sharply,
It could drop back to the lower green box (demand zone) marked near 3,320–3,340, suggesting a liquidity sweep or reaccumulation area.
Analysis Type:
This is a smart money concept (SMC) style analysis using:
Structure levels (HH, HL)
Liquidity zones
Potential mitigation blocks
Market Structure:
The chart shows a clear bullish structure forming with:
Higher Highs (HH)
Higher Lows (HL)
Price made a pullback after the most recent HH.
Currently, price is reacting from a marked demand zone (green box), suggesting a potential continuation to the upside.
Projected Scenarios:
Bullish Projection:
From the current HL area, the chart suggests a possible bullish rally.
The price may target the green box above, indicating a potential new HH around the 3,470–3,480 level.
Bearish Scenario (if rejection occurs):
If price fails to break the upper target and reverses sharply,
It could drop back to the lower green box (demand zone) marked near 3,320–3,340, suggesting a liquidity sweep or reaccumulation area.
Analysis Type:
This is a smart money concept (SMC) style analysis using:
Structure levels (HH, HL)
Liquidity zones
Potential mitigation blocks
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.