"SOLUSD analysis on the 1-hour time frame chart. Based on the following.
Analysis tools used:
Support and Resistance Levels: Marked clearly (e.g., "Support Area" and "Demand Zone").
BOS (Break of Structure): Shown where the market structure changes, indicating trend shifts.
HL (Higher Low) and HH (Higher High): Classic market structure analysis to track an uptrend.
OB (Order Block): Marked around the "Demand Zone," hinting at areas where big players (institutions) could enter.
Pattern observed:
Head and Shoulders / Inverse Head and Shoulders: Those arcs drawn look like a mixture of a small *Head and Shoulders (top reversal pattern) and general *market structure breaks.
Price Action (Market Structure Shift): Tracking the swing highs and lows to identify trend continuation or reversal.
This chart is mainly based on *Smart Money Concepts (SMC)* and *Price Action Trading.
Summary: SOLUSD analysis continuous in a bullish trend, I found the two prices (Demand zone and Order block) levels for reversal. Order Block (147.00) for reversal.
Would you like me to also explain what the next likely move could be based on this setup?
Write in comment section.
Analysis tools used:
Support and Resistance Levels: Marked clearly (e.g., "Support Area" and "Demand Zone").
BOS (Break of Structure): Shown where the market structure changes, indicating trend shifts.
HL (Higher Low) and HH (Higher High): Classic market structure analysis to track an uptrend.
OB (Order Block): Marked around the "Demand Zone," hinting at areas where big players (institutions) could enter.
Pattern observed:
Head and Shoulders / Inverse Head and Shoulders: Those arcs drawn look like a mixture of a small *Head and Shoulders (top reversal pattern) and general *market structure breaks.
Price Action (Market Structure Shift): Tracking the swing highs and lows to identify trend continuation or reversal.
This chart is mainly based on *Smart Money Concepts (SMC)* and *Price Action Trading.
Summary: SOLUSD analysis continuous in a bullish trend, I found the two prices (Demand zone and Order block) levels for reversal. Order Block (147.00) for reversal.
Would you like me to also explain what the next likely move could be based on this setup?
Write in comment section.
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.