Hi traders and investors!
The price is currently in a sideways range, with the boundaries marked by black lines.
Sellers defended the buyer's first attempt to break through the 3366 level — the key volume in the candle that touched this level was accumulated exactly at that point.
Now, it would be ideal to symmetrically expand the range downward by 11.230 points, which would bring the price right to the 3310 level.
From the 3310 level, it makes sense to look for potential buy patterns.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
The price is currently in a sideways range, with the boundaries marked by black lines.
Sellers defended the buyer's first attempt to break through the 3366 level — the key volume in the candle that touched this level was accumulated exactly at that point.
Now, it would be ideal to symmetrically expand the range downward by 11.230 points, which would bring the price right to the 3310 level.
From the 3310 level, it makes sense to look for potential buy patterns.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
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.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
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.