Daily Timeframe Analysis:
The price has been in a sideways movement on the daily timeframe since February 2024. The current buyer's vector 10-11 has a potential target of 72797, but the buyer has not yet reached this goal. The seller has formed a selling zone at the end of the unfinished buyer's vector 10-11 (red rectangle on the chart, lower boundary of the seller's zone at 66060.31).
Currently, the price is squeezed between two levels: 64602.77, which represents the buyer's defense of volume accumulation at the lower boundary of the daily range, and 67298.81, which represents the seller's defense of the selling zone.
Hourly Timeframe Analysis:
On the hourly timeframe, the price has formed a sideways movement. The current buyer's vector 9-10 has a potential target of 67298.81(!). The upper boundary of the range is at 67370.24, and the lower boundary is at 65078.
Buying Strategy:
Selling Strategy:
The price has been in a sideways movement on the daily timeframe since February 2024. The current buyer's vector 10-11 has a potential target of 72797, but the buyer has not yet reached this goal. The seller has formed a selling zone at the end of the unfinished buyer's vector 10-11 (red rectangle on the chart, lower boundary of the seller's zone at 66060.31).
Currently, the price is squeezed between two levels: 64602.77, which represents the buyer's defense of volume accumulation at the lower boundary of the daily range, and 67298.81, which represents the seller's defense of the selling zone.
Hourly Timeframe Analysis:
On the hourly timeframe, the price has formed a sideways movement. The current buyer's vector 9-10 has a potential target of 67298.81(!). The upper boundary of the range is at 67370.24, and the lower boundary is at 65078.
Buying Strategy:
- From the idea of realizing the current buyer's vector 9-10 within the hourly range, with a potential target of 67298.81.
- From the idea of realizing the buyer's vector 10-11 within the daily range - when the price breaks above the upper boundary of the hourly range (67370.24) and the buyer defends this breakout. The potential target is 72797.
Selling Strategy:
- From the idea of realizing the seller's vector 10-11 within the hourly range from the upper boundary of the range (67298.81, 67370.24). The potential target is currently unknown and will be formed after the realization of the buyer's vector 9-10.
- From the idea of buyer weakness on the daily timeframe - when the price breaks below the lower boundary of the hourly range and the level 64060, and the seller defends this breakout. The potential target could be 60200.
Good luck with your trading!
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