●Bullish trend, ●Next resistance on the black line above,
•Expecting something like this, •Fakeout, FOMO and spikes
•Bulltrap in grey box confluent strong resistance, •Local support and possible demand zone in blue box
Demand zone in blue box, Supply zone in grey box,
•Supply zone in grey box (resistance), •Demand zone in blue box (support) ♤Whats your strategy?♤
•uptrend, ascending trendline, •middle of expansive channel confluent key level, •old resistance in grey box, •local resistance at 148
▪ Trade in the direction of the trend with swings and scalp trades, ♤Swing trade zone ▪High volatility area and big impulsive movement ■How to identify? High volume and big candles (green/red flags) ♤Scalp trade zone ▪Flat zone, price develops in lower timeframes, ■How to identify? Large dumping candles followed spikes (brown drops) ♤Trend reversal ▪Zone of...
1. Accumulation, 2. Manipulation, 3. Expansion
Nice move up, Overbought detected with high volume in the top.
V shape pattern with huge volume indicates possible reversal of trend (up to the next resistance), OTE (optimum trade entry) it's in a retraction.
Expansive channel detected confluent key level (~12.00), Supply zone in grey box indicates possible resistance, Demand zone in blue box indicates possible support, ♧What's your strategy? ♧
Strong resistance in black line confluent key level.
Supply zone in grey box indicates local resistance
Strong support confluent demand zone (blue box)
Descending trendline (black line), Bearish structure in MTF, Resistance zone (grey box).