This might seem obvious to some, but it’s worth emphasizing —
📌 When analyzing charts like this, switch to a Line Chart instead of Candlesticks.
Why?
It filters out market noise and shake-outs
You can clearly see how price respects key zones and levels
Candles often distort the picture with wicks — line charts show the real body movement
Bullish Setup:
Market has printed a clean W-bottom, confirming bullish intent.
We are currently retesting the neckline of the pattern — a common and healthy move before continuation.
A successful retest could lead to an impulsive move upward toward target zones.
🎯 Target Zones:
Green zone (top) — this is the maximum target in the current structure.
Anything above the red line already carries increased risk, and should be approached with caution.
Above green zone = extreme risk / high-probability rejection unless backed by strong fundamentals.
📌 When analyzing charts like this, switch to a Line Chart instead of Candlesticks.
Why?
It filters out market noise and shake-outs
You can clearly see how price respects key zones and levels
Candles often distort the picture with wicks — line charts show the real body movement
Bullish Setup:
Market has printed a clean W-bottom, confirming bullish intent.
We are currently retesting the neckline of the pattern — a common and healthy move before continuation.
A successful retest could lead to an impulsive move upward toward target zones.
🎯 Target Zones:
Green zone (top) — this is the maximum target in the current structure.
Anything above the red line already carries increased risk, and should be approached with caution.
Above green zone = extreme risk / high-probability rejection unless backed by strong fundamentals.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.