Monthly;
[/b
Weekly;
Daily;
4 hour;
[/b
- ]There is no clear thesis. Price could go up or down.
- Price has not retested the previous all time high. However, that is because it came across a high liquidity area on the weekly.
Weekly;
- There are two thing worth noting on the weekly.
- One is that price has formed a three pin pattern which might indicate that price is headed downwards
- Second, is that the previous week's candle closed above a buy liquidity region at 38,500 and price may be headed upwards.
- Currently price looks as if it will close above the 38,500 level and continue upwards.
- To get a clear thesis of what is going on, I will have to go to lower timeframes.
Daily;
- Monday's candlestick is pretty indecisive.
- Two things are happening here.
- One, price did not close above 38,630 level which would indicate that price is headed upwards.
- Secondly, price has not given a convincing closure below 38,560 which would indicate that price is headed downwards.
- Hence, there is no clear thesis on the daily and hence lower timeframe will give a better overall depiction as to where price is headed towards
4 hour;
- New York session saw a lot of sell orders from 38,800 to 38,250.
- From 38,250, we saw that price gained a rush of bullish momentum and it managed to close well above 38,450.
- At the time of posting this, price is showing that it is headed upwards, however, orders are not enough to take it there.
- I am waiting for a retest of 38,450 before we go upwards to 38,665
- The target is 38,665. This is the target of the -27.2 fib level which is usually a high probability setup.
- Moreover, if price closes above 38,800 which is Monday's high, then it is headed to 39,023.5
注释
Price is at my entry region. Waiting to buy交易开始
I have entered a long position due to the buy setup on the 15 minute timeframe.Targets at 38,665 as stated earlier
交易结束：到达止损
Trade stopped. For now I do not know why but with time I will understand why.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。