Hello guys!
What I see:
This area aligns with a significant reaction point, suggesting institutional interest.
Below this lies a higher timeframe QML, acting as a secondary support.
This adds confluence for a potential strong bullish rejection if the price dips further.
A previously engulfed resistance level has been marked, showing where sellers lost control.
Price returning toward this area with reduced momentum indicates possible accumulation.
Multiple target levels are projected with an ascending structure.
These align with liquidity pools above recent highs, suggesting buy-side liquidity engineering.
Current price behavior suggests the formation of higher lows and potential bullish continuation.
A corrective move into the QML zone could spark a strong impulsive leg upward.
What I see:
- QML in Lower Time Frame:
This area aligns with a significant reaction point, suggesting institutional interest.
- QML in Higher Time Frame:
Below this lies a higher timeframe QML, acting as a secondary support.
This adds confluence for a potential strong bullish rejection if the price dips further.
- Engulfed Level:
A previously engulfed resistance level has been marked, showing where sellers lost control.
Price returning toward this area with reduced momentum indicates possible accumulation.
- Targets Identified:
Multiple target levels are projected with an ascending structure.
These align with liquidity pools above recent highs, suggesting buy-side liquidity engineering.
- Market Structure:
Current price behavior suggests the formation of higher lows and potential bullish continuation.
A corrective move into the QML zone could spark a strong impulsive leg upward.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
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.