Analysis as of 29/06/24 1. Seasonality Analysis + IPDA Levels: After the quarterly shift in June, we are moving downwards. 2. Immediate Targets: Our immediate targets are the IPDA 20 low and the Previous Month Low (PML). 3. Seasonal Trends: According to 20-year seasonal trends, we should take out the low of the second quarter, which in our case is the...
This is my first idea. I am not a professional trader. This is just for discussion so that I can pay attention to it in a week or a month. I will buy again on the spot at a target price of $4.7-5 and sell at $7-7.2. I would appreciate your feedback.
After 7 months of growth, we withdrew all liquidity from the top and created a new ATH. Now we are facing a correction. The zones are marked on the chart. The basis of my analysis is the FVG imbalance zones, namely the Balanced Price Range, which is the most powerful zone of interest for the price. This zone intersects with the Fibo level of 0.382 and the block...