Hey traders and investors!
On the 10-day chart, an intriguing situation is unfolding.
Sellers tested the Key Candle of the previous accumulation breakout — level 89,256, and the buyer’s initiative resumed.
Then, a manipulation (false breakout) occurred at the 89,256 test level. Volumes reveal the narrative: sellers sold off at high volumes, while buyers absorbed on declining volumes.
Now, a buyer zone has formed below, with the upper boundary at 99,475.
Just a few steps away from the ATH. A pullback is always possible, but for now, there are no signs of weakness (even a pullback to 89,256 wouldn't disrupt the bullish structure).
Now, the main question:
💡 How far up? +30,000?
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
On the 10-day chart, an intriguing situation is unfolding.
Sellers tested the Key Candle of the previous accumulation breakout — level 89,256, and the buyer’s initiative resumed.
Then, a manipulation (false breakout) occurred at the 89,256 test level. Volumes reveal the narrative: sellers sold off at high volumes, while buyers absorbed on declining volumes.
Now, a buyer zone has formed below, with the upper boundary at 99,475.
Just a few steps away from the ATH. A pullback is always possible, but for now, there are no signs of weakness (even a pullback to 89,256 wouldn't disrupt the bullish structure).
Now, the main question:
💡 How far up? +30,000?
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.