This analysis is an update to the analysis you can see below in the "Related Analyses" section.
The price did not reach the Supply zone from our previous analysis. Instead, it formed a reversal pivot upon hitting a Supply.
Given that the larger structure is also bearish, we can look for sell/short positions in the Supply zone.
A daily candle closing above the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
The price did not reach the Supply zone from our previous analysis. Instead, it formed a reversal pivot upon hitting a Supply.
Given that the larger structure is also bearish, we can look for sell/short positions in the Supply zone.
A daily candle closing above the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Trade active
It has dropped more than 4% since our analysis was provided.This zone is still fresh; if it is not broken convincingly, it could push the price to lower levels.
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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.
🔥 See hot signals and top analyzes on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
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.