The key is whether it can turn bullish

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(PM 12M chart)

The 111.25-123.55 range is expected to be a strong support area.

If the price falls below Fibonacci 1 (157.55), it is expected to form a downward wave towards 134.15.

If it finds support near Fibonacci 1 (157.55) and rises, it is expected to rise towards Fibonacci 1.618 (206.50).

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(1M Chart)

The key question is whether it can find support near 153.32 and rise above 182.13.

The 153.32-182.13 range, which is the HA-High ~ DOM (60) range, is considered a sell zone.

Therefore, if you are in profit, you should focus on finding the right time to sell in installments.

To initiate a new purchase, you should confirm whether support is found in the 153.32-182.13 range.

Therefore, here's what we need to check:

To continue the uptrend by breaking above a key point or range, the StochRSI, TC, and OBV indicators must show upward trends.

If possible,
1. The StochRSI indicator should not have entered an overbought zone.
2. The TC indicator should remain above zero.
3. The OBV indicator should remain above the High Line.

If the above conditions are met and the price breaks above the 153.32-182.13 range, it is highly likely to continue rising.

If not, it will only pretend to rise and then fall again.

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(1W Chart)

The M-Signal indicator on the 1W and 1M charts is crossing the Fibonacci range of 0.886 (148.52) to 1 (157.55).

Therefore, the key question is whether support can be found around 153.32 and an upward movement can occur.

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(1D Chart)

The basic trading strategy is to buy in the DOM(-60) to HA-Low range and sell in the HA-High to DOM(60) range.

However, if the price rises in the HA-High to DOM(60) range, a stepwise uptrend is likely. If the price falls in the DOM(-60) to HA-Low range, a stepwise downtrend is likely.

Therefore, a split trading approach is necessary.

The price formed a low in the 144.60-148.53 range, which is the DOM(-60) ~ HA-Low range, and then rose.

Therefore, based on a basic trading strategy, it is highly likely to touch the 182.13-184.10 range.

The key to this is whether the price can break above the 163.59-170.29 range and turn upward.

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Thank you for reading to the end.
I wish you successful trading.

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Anmerkung

The conditions that lead to trading can vary from person to person.
In one way or another, we all attempt to profit from trading.

The method I'm describing is merely an example.
The best way to begin trading is to find a method that suits you.

Imitating someone else's method requires significant time and observation.
Otherwise, you're likely to develop negative preconceptions about their methods.

First, you need to check the movement on a 1D chart.

Most indicators and chart analysis are based on 1D charts.
Therefore, it's best to structure your charts so that as much information as possible is displayed on a 1D chart.

For that reason, I've included the M-Signal indicator on the 1M, 1W, and 1D charts to help you understand the overall trend.

Additionally, the DOM(60), DOM(-60), HA-High, and HA-Low indicators on the 1M, 1W, and 1D charts are displayed as horizontal lines to serve as support and resistance points.
This explains the numerous horizontal lines on the chart.

Trading methods differ slightly depending on whether the M-Signal indicator on the 1M chart is above or below it.

When the price is above the M-Signal indicator on the 1M chart, you can trade with a shorter or longer investment horizon.

When the price is below the M-Signal indicator on the 1M chart, it's recommended to trade with a shorter or shorter investment horizon.
This explains why the M-Signal indicator on the 1M chart plays a crucial role in determining trends.

As the price continues its upward trend, the StochRSI, TC, and OBV indicators generally show upward trends.

Then, at some point, they turn downward, leading to a downtrend.

The TC indicator is a comprehensive evaluation of the StochRSI, PVT, and OBV indicators.
Therefore, when the TC indicator passes the 0 point, it's time to initiate a trade.

To gain momentum for a trade, support must be confirmed near the support and resistance levels depicted on the 1M, 1W, and 1D charts.

If this isn't the case, you may feel uneasy about starting a trade.

Therefore, our basic trading strategy is to buy in the DOM(-60) ~ HA-Low range and sell in the HA-High ~ DOM(60) range.

However, if the HA-High ~ DOM(60) range rises, a stepwise upward trend is likely, while a drop in the DOM(-60) ~ HA-Low range is likely to result in a stepwise downward trend.

Therefore, a segmented trading approach is recommended.

We determine whether a trade is feasible by identifying the support and resistance levels formed at the current price level and observing the corresponding movements of auxiliary indicators.

Currently, it's near the M-Signal indicator on the 1W chart, so we need to see if it can find support and rise above this level.

- The StochRSI indicator is showing signs of declining in the overbought zone,
- The TC indicator is holding above zero,
- The OBV indicator is showing signs of declining, having fallen below the High Line.

Because these three indicators are not showing a unified pattern, it will take time to confirm support.

The expected point where the actual uptrend will begin is 163.59.

If it fails to rise, it is likely to fall again to the HA-Low indicator level of 148.53.

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