Monthly Supply Demand View
Monthly supply area is nested with a Weekly supply area
The weekly area has been breached and approaching the monthly supply area
This is also inline with key weekly and monthly fib levels.
There are many valid trendlines on daily but these are weak representations so not applying them into my analysis.
I expect Price to continue up and based on a reaction in the highlighted area a sell, as shown.
The weekly area has been breached and approaching the monthly supply area
This is also inline with key weekly and monthly fib levels.
There are many valid trendlines on daily but these are weak representations so not applying them into my analysis.
I expect Price to continue up and based on a reaction in the highlighted area a sell, as shown.
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.