The yearly, monthly, and weekly open levels are marked.
The BB + gap + 0.5 area between the yearly and monthly/weekly opens is highlighted.
Critical support/resistance zones are identified with horizontal lines.
Expected Market Reaction:
Reaction from the RB (potential reversal block) is noted.
The low of 03.02 is expected to be taken out to confirm a structural reversal.
A significant swing is likely to hold the price from further decline.
Trading Plan:
Entry should be considered after a confirmed breakout or holding of key levels.
Fibonacci levels (0.5) are used to assess corrections and liquidity zones.
Wait for structural reversal formation before taking positions.
The BB + gap + 0.5 area between the yearly and monthly/weekly opens is highlighted.
Critical support/resistance zones are identified with horizontal lines.
Expected Market Reaction:
Reaction from the RB (potential reversal block) is noted.
The low of 03.02 is expected to be taken out to confirm a structural reversal.
A significant swing is likely to hold the price from further decline.
Trading Plan:
Entry should be considered after a confirmed breakout or holding of key levels.
Fibonacci levels (0.5) are used to assess corrections and liquidity zones.
Wait for structural reversal formation before taking positions.
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.
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.