Market Structure :
Price made a strong bullish move and is now showing signs of a retracement from a clear supply zone around the recent highs. The impulsive leg is being respected, and the market has started pulling back from the top.
Key Technical Points:
Supply Zone marked where price reversed aggressively.
Fibonacci retracement levels drawn from the swing low to the swing high.
Price currently sitting between the 38.2% and 50% retracement zone.
The 61.8% - 78.6% zone, along with ascending trendline support (in orange), creates a confluence area for a possible bullish reaction.
Two potential entry zones are highlighted:
1. Near the trendline and fib golden zone
2. Deeper retracement near OB demand zone and the 78.6% level.
Bias:
Bullish continuation if price respects the trendline and demand zones. Waiting for confirmations like bullish engulfing or break of structure from lower timeframes before entry.
Risk Management:
SL below demand zone. TP targeting retest of supply zone or potential breakout depending on momentum
Price made a strong bullish move and is now showing signs of a retracement from a clear supply zone around the recent highs. The impulsive leg is being respected, and the market has started pulling back from the top.
Key Technical Points:
Supply Zone marked where price reversed aggressively.
Fibonacci retracement levels drawn from the swing low to the swing high.
Price currently sitting between the 38.2% and 50% retracement zone.
The 61.8% - 78.6% zone, along with ascending trendline support (in orange), creates a confluence area for a possible bullish reaction.
Two potential entry zones are highlighted:
1. Near the trendline and fib golden zone
2. Deeper retracement near OB demand zone and the 78.6% level.
Bias:
Bullish continuation if price respects the trendline and demand zones. Waiting for confirmations like bullish engulfing or break of structure from lower timeframes before entry.
Risk Management:
SL below demand zone. TP targeting retest of supply zone or potential breakout depending on momentum
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。