Price is in a consolidation, outside channel walls,
Candle closing outside the channel wall, a sign that Price did not immediately reject this level. price is accumulating orders
next Move we anticipate, (is a sharp move in the opposite detection first)price to drop into the green box below, to grab liquidity, before a sharp move UPWARDS. Bullish scenario
A- C
Alternatively, price to reach for the box higher, then drop lower.
B-A-C
Candle closing outside the channel wall, a sign that Price did not immediately reject this level. price is accumulating orders
next Move we anticipate, (is a sharp move in the opposite detection first)price to drop into the green box below, to grab liquidity, before a sharp move UPWARDS. Bullish scenario
A- C
Alternatively, price to reach for the box higher, then drop lower.
B-A-C
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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.
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.