1. Key Observations (Volume & Gann Focused)
a) Volume Profile Insights:
POC (Point of Control): $3022.81 – high volume concentration area currently acting as a mid-range pivot.
Value Area High (VAH): Near $3032 – price has respected this zone multiple times as short-term resistance.
Value Area Low (VAL): Near $3012 – the lower boundary of prior trading activity, marking potential support.
b) Gann High-Low Signals:
Confirmed Gann High near $3045 aligned with recent rejection zone.
Recent Gann Low around $3012 – price has shown a bounce here, confirming it as a potential demand zone.
c) Liquidity Zones:
Liquidity Grab at $3040-$3045 – prior highs swept with a quick selloff, indicating institutional stop hunting.
Potential Sell Stops resting below $3012 (Range Low), marked as a key liquidity target if bearish continuation plays out.
d) Volume-Based Swing Highs/Lows:
Swing High at $3035-$3045 (low volume node followed by reversal).
Swing Low at $3020-$3022 near the POC – acting as a high-volume support base.
2. Support & Resistance Levels
a) Key Support:
$3022.81 (POC – key reaction zone).
$3012 (VAL and Gann swing low – confirmed support).
b) Key Resistance:
$3032 (VAH – rejected multiple times).
$3045 (Liquidity sweep and previous Gann swing high).
3. Chart Patterns & Market Structure
a) Trend Direction:
Currently range-bound, but short-term bullish structure forming inside a rising channel off the $3012 low.
b) Pattern Observations:
Range Structure: $3012 to $3045.
Channel Formation: Price is oscillating upward in a defined channel.
Breakout Opportunity: A clean break above $3032 opens space toward $3045 again.
4. Trade Setup & Risk Management
Trade Direction Entry Zone Target 1 (T1) Target 2 (T2) Stop-Loss (SL)
📈 Bullish Entry $3020–$3022 $3032 $3045 $3012
📉 Bearish Entry $3032–$3035 $3020 $3012 $3046
c) Risk Management:
Minimum Risk-Reward Ratio: 1:2
Position Sizing: Risk 1–2% of account equity per trade.
Execute only on confirmation of rejection or break of zone (avoid blind entries).
a) Volume Profile Insights:
POC (Point of Control): $3022.81 – high volume concentration area currently acting as a mid-range pivot.
Value Area High (VAH): Near $3032 – price has respected this zone multiple times as short-term resistance.
Value Area Low (VAL): Near $3012 – the lower boundary of prior trading activity, marking potential support.
b) Gann High-Low Signals:
Confirmed Gann High near $3045 aligned with recent rejection zone.
Recent Gann Low around $3012 – price has shown a bounce here, confirming it as a potential demand zone.
c) Liquidity Zones:
Liquidity Grab at $3040-$3045 – prior highs swept with a quick selloff, indicating institutional stop hunting.
Potential Sell Stops resting below $3012 (Range Low), marked as a key liquidity target if bearish continuation plays out.
d) Volume-Based Swing Highs/Lows:
Swing High at $3035-$3045 (low volume node followed by reversal).
Swing Low at $3020-$3022 near the POC – acting as a high-volume support base.
2. Support & Resistance Levels
a) Key Support:
$3022.81 (POC – key reaction zone).
$3012 (VAL and Gann swing low – confirmed support).
b) Key Resistance:
$3032 (VAH – rejected multiple times).
$3045 (Liquidity sweep and previous Gann swing high).
3. Chart Patterns & Market Structure
a) Trend Direction:
Currently range-bound, but short-term bullish structure forming inside a rising channel off the $3012 low.
b) Pattern Observations:
Range Structure: $3012 to $3045.
Channel Formation: Price is oscillating upward in a defined channel.
Breakout Opportunity: A clean break above $3032 opens space toward $3045 again.
4. Trade Setup & Risk Management
Trade Direction Entry Zone Target 1 (T1) Target 2 (T2) Stop-Loss (SL)
📈 Bullish Entry $3020–$3022 $3032 $3045 $3012
📉 Bearish Entry $3032–$3035 $3020 $3012 $3046
c) Risk Management:
Minimum Risk-Reward Ratio: 1:2
Position Sizing: Risk 1–2% of account equity per trade.
Execute only on confirmation of rejection or break of zone (avoid blind entries).
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
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.
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
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.