The market then hunts for liquidity and goes towards the liquidity of its counterparty...
It has two internal swing points of liquidity and the main liquidity is in the ceiling of buyers.
For the open market, it continues its upward movement until the hunt of these liquidity, there are two ways, either it hunts for those two internal swings for now and then corrects or it goes for liquidity to the ceiling and then corrects... The correction range and orders left below are also in the range of 3258 with a tolerance of two dollars for now.
The resistances in case of hunt are only the internal swing points 47-52, which we are looking for in this range. If it gives, we will go with the change in structure for correction, if not, for the hunt, the main ceiling resistance is channel 70 and finally channel 400.
It has two internal swing points of liquidity and the main liquidity is in the ceiling of buyers.
For the open market, it continues its upward movement until the hunt of these liquidity, there are two ways, either it hunts for those two internal swings for now and then corrects or it goes for liquidity to the ceiling and then corrects... The correction range and orders left below are also in the range of 3258 with a tolerance of two dollars for now.
The resistances in case of hunt are only the internal swing points 47-52, which we are looking for in this range. If it gives, we will go with the change in structure for correction, if not, for the hunt, the main ceiling resistance is channel 70 and finally channel 400.
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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.