Hello traders and investors!
The 3283 level, which was the sellers’ target on the daily timeframe, was confidently defended by buyers.
The attacking seller’s candle at this level showed high volume but was absorbed by buyers.
On the 1H timeframe, the market is moving sideways, with active buyer initiative.
The boundaries of the range are marked on the chart with black lines.
It is reasonable to expect the price to move toward the upper boundary of the range at 3363–3370.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
The 3283 level, which was the sellers’ target on the daily timeframe, was confidently defended by buyers.
The attacking seller’s candle at this level showed high volume but was absorbed by buyers.
On the 1H timeframe, the market is moving sideways, with active buyer initiative.
The boundaries of the range are marked on the chart with black lines.
It is reasonable to expect the price to move toward the upper boundary of the range at 3363–3370.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Related publications
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.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Related publications
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.