The boxes you are observing are the Larger scale supply and demand zones. These areas map out the current large liquidity. This includes the newest Player (collective players). This new player has been aggressively on the 17th and 18th.
Why does identifying a new aggressor matter?
New aggressors shape the way we view previous areas of supply and demand. Some look at the price getting to their target, without giving any thought to HOW it gets there.
In this instance:
Previous supply and demand have been established (we do not know how big they are or who is stronger). Some clues we do have is how it approaches these areas, and new aggressors can give us the clues we need... Will it bounce off demand? or fulfill it and continue lower?
New aggressors can put more pressure on these Demand or supply zones simply because they are becoming more aggressive closer to these areas.
Prediction
Scenario 1
Rolling over, and touching the 106 demand zone. Get's bought up, and new aggressors presents themself (bringing more demand). Price Target = 123.
If there is continued demand through this area, a case can be made for a 138 target before a correction/ reversal.
Scenario 2
New demand chews up this new aggressor. We should then have a bullish run to 131. 131 would present itself as a great short-term options (short).
Scenario 3
Rolling over with NEW (short) aggressors. This will put tons of pressure on the 106 players, and hopefully the 96's hang on (not charted).
Please feel free to share you input, thank you for taking the time.
Happy Trading!
Why does identifying a new aggressor matter?
New aggressors shape the way we view previous areas of supply and demand. Some look at the price getting to their target, without giving any thought to HOW it gets there.
In this instance:
Previous supply and demand have been established (we do not know how big they are or who is stronger). Some clues we do have is how it approaches these areas, and new aggressors can give us the clues we need... Will it bounce off demand? or fulfill it and continue lower?
New aggressors can put more pressure on these Demand or supply zones simply because they are becoming more aggressive closer to these areas.
Prediction
Scenario 1
Rolling over, and touching the 106 demand zone. Get's bought up, and new aggressors presents themself (bringing more demand). Price Target = 123.
If there is continued demand through this area, a case can be made for a 138 target before a correction/ reversal.
Scenario 2
New demand chews up this new aggressor. We should then have a bullish run to 131. 131 would present itself as a great short-term options (short).
Scenario 3
Rolling over with NEW (short) aggressors. This will put tons of pressure on the 106 players, and hopefully the 96's hang on (not charted).
Please feel free to share you input, thank you for taking the time.
Happy Trading!
Trade active
Last two days have not found a new buyer yet. As you can see we have been brushing against the beginning of that New aggressor in the market (supplier is still present). All three Scenario's are still viable to play out. I will eliminate them as they come. Note
Still consolidating in this zone. No new big players, this could go either way. All scenarios are still in tact here! see you next Week!Note
122.84 is the top end of that supply zone. We have been tapping into this, But there needs to be a close above 122.84 for us to get some legs. 
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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.