4-hour time frame The market structure at the beginning of the market will reach the resistance level of 3294-3356. If this range can cause a change in the structure (choch) to the downside in the lower time frame, the market has the potential to move to the support of 3021-2970. However, if the resistance in question cannot give a downward choch to the structure, the path after the dynamic trend line breaks will move towards the liquidity hunt of the last ceiling and the resistance areas drawn.
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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.