effort vs result not in harmony
Supply decreeasing when approaching lvl
Absorption of supply three last time price touched the 1895 level
We can see supply volume that has been decrease and demand staying stable. Still ready for any more downside since demand is not showing power yet
On the 4 hours can see that price showed a lot of effort to go downside with failure to do so for after retesting the level on lower volume
If expect so more testing of the 1918 zone before seeing a drop
Absorption of supply three last time price touched the 1895 level
We can see supply volume that has been decrease and demand staying stable. Still ready for any more downside since demand is not showing power yet
On the 4 hours can see that price showed a lot of effort to go downside with failure to do so for after retesting the level on lower volume
If expect so more testing of the 1918 zone before seeing a drop
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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.