This is just an idea of what is happening.
1- 1st Daily res Horizontal line (blue) has been acting as supp and res since July 2020 which can be seen on the red circles an also making a range that has been going since 18 Jun 2021 acting as resistance and now is actually acting as support since now it breakthrough
2- VPOC which acted as resistance as the closest highest volume point of control of the range (kind of blue rectangle) and as a perfect sniper entry for a short since it aligned perfectly with the VPOC
Now it needs to secure the support of 1st daily res (on a daily timeframe) to reach a HH breaking the VPOC Resist
This is my first time posting my analysis so I would appreciate some critics
1- 1st Daily res Horizontal line (blue) has been acting as supp and res since July 2020 which can be seen on the red circles an also making a range that has been going since 18 Jun 2021 acting as resistance and now is actually acting as support since now it breakthrough
2- VPOC which acted as resistance as the closest highest volume point of control of the range (kind of blue rectangle) and as a perfect sniper entry for a short since it aligned perfectly with the VPOC
Now it needs to secure the support of 1st daily res (on a daily timeframe) to reach a HH breaking the VPOC Resist
This is my first time posting my analysis so I would appreciate some critics
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.