It is completing (e) of ending digonal. This wave may complete about 1815 eventually.
Also 1807-1815 is a former support zone between mid of May to end of June. It is broken on July 1st and resisted during pulback. It is the second time that price is trying to break it up.
I will expect to break T2 down; may be between 1890 to 1886 and short it for $25 - $40 for midterm.
It seems it is "wave-c" of "D" in a diagonal pattern. If it supports in 2725 - 2761 , I guess the price will increase up to 4260 - 4330 as "E" of diagonal pattern.
There is an important supporting zone about 1917 in Daily timeframe.
I guess that wave-Y is not completed yet.
If the price be supported by 1895-1898 zone, a tripple bottom pattern may form on the condition that the price closes upper than 1917 in dialy.
So if it closes less than 1917 in daily timeframe, then I'm expecting downtrend toward 1895-1898 zone at...
Resistance about 24.64 is broken out in Daily timeframe 4 days ago and its pulled back to that resistance is done.
I thinks it is a good position for Long.
Entry price: 25.3
TP: 40.8 (61.2%)
SL: 22.8 (9.9%
R/R : 6.2
P.S: I'm not a native English speaker but tradingview is forcing me to write the caption in English. 😅
Hi there
Weekly :
There is a support zone between 1898 - 1905 . Price supported by this zone 2 weeks ago and pulled back last week; so it is expecting the price keeps its uptrend while above the zone.
Daily:
There is a support zone between 1928-1934 based on volume profile tool; so I am expecting uptrend based on the zone and the supporting trend.
By...
Hi, I'm not English but tradingview is forcing me to explain it in English. 😅
(I am talking Persian in video obviously) 😂😂
This analysis is just for exercise and I am not professional.
Anyhow I am waiting for supporting trend plays its role.
If this trend cannot support the price , It is a good opportunity to short-selling;
TP: 1946
Supporting the price by...
