https://in.tradingview.com/chart/kKZJ24VO/
Daily timeframe tells us it brokeout from the range and moved all the way to previous high/sell zone/liquidity. It is retesting back to the breakout area which also has order block (11th sep candle).
From Price action, breakout is usually followed by retest confirming the bullish trend by forming new higher low.
If it reverses from the from this zone/yellow line then it is most likely to form a new higher high.
Caution: The selling momentum in the last week has been strong and hence, substantial buying pressure from institutions is needed to halt and reverse the direction. If the momentum continues and breaks the bottom of the range, then the range will act as resistance and bearish change of charaacter will be established.
Daily timeframe tells us it brokeout from the range and moved all the way to previous high/sell zone/liquidity. It is retesting back to the breakout area which also has order block (11th sep candle).
From Price action, breakout is usually followed by retest confirming the bullish trend by forming new higher low.
If it reverses from the from this zone/yellow line then it is most likely to form a new higher high.
Caution: The selling momentum in the last week has been strong and hence, substantial buying pressure from institutions is needed to halt and reverse the direction. If the momentum continues and breaks the bottom of the range, then the range will act as resistance and bearish change of charaacter will be established.
免責聲明
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。
免責聲明
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。