## *Pattern Identified:*
1. *Ascending Channel Pattern (Trend Channel)*
- The price is moving within a well-defined *support and resistance channel* (marked in purple).
- The market is in an *uptrend, respecting both the **support trendline* and *resistance trendline*.
### *Technical Tools Used:*
1. *Break of Structure (BOS)*
- Marked in yellow, indicating a breakout of the previous price structure.
- This confirms bullish momentum and trend continuation.
2. *Change of Character (CHOCH)*
- Found earlier in the trend, signaling a shift from a downtrend to an uptrend.
- This acts as an early signal for trend reversal or breakout traders.
3. *Liquidity Pools*
- *Lower Liquidity Pool (Pink Box): Located near the **support area*, showing a region where stop losses and buy orders may have been triggered.
- *Upper Liquidity Pool (Blue Box): Near the **resistance line*, indicating potential liquidity hunting before a breakout or reversal.
4. *Dynamic Liquidity (LQD) Line*
- A mid-level trendline that price seems to be respecting, acting as a dynamic support.
5. *Support & Resistance Levels*
- *Support (Lower Purple Line)*: The price has bounced multiple times from this level.
- *Resistance (Upper Purple Line)*: The price is approaching this area, with projections for possible breakouts or pullbacks.
6. *Projected Price Movements*
- Future price movements are marked with *zigzag lines, showing a **possible breakout above resistance* or a *retracement before further continuation*.
### *Conclusion:*
- The market is in a *bullish trend within an ascending channel*.
- If price *breaks above resistance, it could continue rising towards *$3,000**.
- However, if it *fails to break*, a pullback to the dynamic liquidity zone or support could occur before another attempt.
Would you like a more detailed breakdown of any of these concepts?
1. *Ascending Channel Pattern (Trend Channel)*
- The price is moving within a well-defined *support and resistance channel* (marked in purple).
- The market is in an *uptrend, respecting both the **support trendline* and *resistance trendline*.
### *Technical Tools Used:*
1. *Break of Structure (BOS)*
- Marked in yellow, indicating a breakout of the previous price structure.
- This confirms bullish momentum and trend continuation.
2. *Change of Character (CHOCH)*
- Found earlier in the trend, signaling a shift from a downtrend to an uptrend.
- This acts as an early signal for trend reversal or breakout traders.
3. *Liquidity Pools*
- *Lower Liquidity Pool (Pink Box): Located near the **support area*, showing a region where stop losses and buy orders may have been triggered.
- *Upper Liquidity Pool (Blue Box): Near the **resistance line*, indicating potential liquidity hunting before a breakout or reversal.
4. *Dynamic Liquidity (LQD) Line*
- A mid-level trendline that price seems to be respecting, acting as a dynamic support.
5. *Support & Resistance Levels*
- *Support (Lower Purple Line)*: The price has bounced multiple times from this level.
- *Resistance (Upper Purple Line)*: The price is approaching this area, with projections for possible breakouts or pullbacks.
6. *Projected Price Movements*
- Future price movements are marked with *zigzag lines, showing a **possible breakout above resistance* or a *retracement before further continuation*.
### *Conclusion:*
- The market is in a *bullish trend within an ascending channel*.
- If price *breaks above resistance, it could continue rising towards *$3,000**.
- However, if it *fails to break*, a pullback to the dynamic liquidity zone or support could occur before another attempt.
Would you like a more detailed breakdown of any of these concepts?
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.