BUY/LONG ZONE (GREEN): $208.41 - $234.10 DO NOT TRADE/DNT ZONE (WHITE): $187.63 - $208.41 SELL/SHORT ZONE (RED): $113.06 - $187.63
Weekly zone from Mon. May10th, 2021 drawn to Tue. Feb. 21st, 2023. Multiple touches on zone on weekly chart occurring on weeks of: Monday May 24, 2021, Tuesday June 01, 2021, Monday June 21, 2021, Tuesday July 06, 2021 through Monday July 26, 2021, Monday August 16, 2021, and then not again until Monday May 16, 2022, Monday May 23, 2022, Monday June 13, 2022, Tuesday July 05, 2022, Monday October 10,2022 through Monday October 24, 2022, and lastly Monday February 06, 2023
Weekly level for current structural low at $113.06 (weeks of Tuesday December 27, 2022 through Tuesday January 03, 2023).
Zone drawn on 4H - Prices $178.07 - $187.63 Bottom zone level comes from bearish candle open on Monday January 23, 2023 09:30 ($178.07). Top zone level comes from bullish long-legged doji candle close on Monday February 13, 2023 09:30 ($187.63).
Daily structural level (price $159.64) from bearish candle open on Friday December 16, 2022, confirmed on Thursday January 26, 2023 (bullish daily long-legged doji).
The next zone to look at in the event of a breakout is $234.10 (bottom level) - $238.56 (top level).
SIDE NOTE: If NASDAQ closes green this week it will be the second bullish indicator after the four consecutive candles (turned into five consecutive after bullish mark) and weekly structure break from weeks of Tuesday January 03, 2023 through Monday January 23, 2023.
Blue chartings are from weekly timeframe and above. Yellow chartings are from daily timeframes and below.
Technical analysis only, does not factor in real world events or fundamentals.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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