Previous Uptrend: Price made a substantial move up, peaking around 4,225 USD.
Impulsive Down Move (X): A strong bearish move occurred from the high, indicating a potential change of character (CHoCH) or market reversal. This rapid decline is labeled with X.
Support/Resistance Flip (SBR): The price initially broke below a previous Support level (SBR), which now seems to be acting as Resistance in the current consolidation phase. This is a classic Support Broken, now Resistance flip.
Swing Low (S): The most recent Swing Low is marked with S, establishing a new range low after the reversal.
Consolidation/Correction (CRT-L, CRT-H): The price is now trading within a range defined by CRT-L (Current Range Top/Low) and CRT-H (Current Range High/Low), which is the current low of the corrective structure.
Order Block (OB): A crucial area is the Order Block (OB), which typically represents an area where significant institutional selling pressure entered the market, causing the impulsive drop. This area often acts as a key supply zone.
Anticipated Move: The curved arrow suggests a likely scenario where the price reaches up to test the Order Block (OB) and the SBR area before potentially continuing the move down towards the range low (CRT-H) or even lower, consistent with the recent shift to a bearish bias. This is an expectation of a correction/pullback into supply followed by a continuation of the trend.
Impulsive Down Move (X): A strong bearish move occurred from the high, indicating a potential change of character (CHoCH) or market reversal. This rapid decline is labeled with X.
Support/Resistance Flip (SBR): The price initially broke below a previous Support level (SBR), which now seems to be acting as Resistance in the current consolidation phase. This is a classic Support Broken, now Resistance flip.
Swing Low (S): The most recent Swing Low is marked with S, establishing a new range low after the reversal.
Consolidation/Correction (CRT-L, CRT-H): The price is now trading within a range defined by CRT-L (Current Range Top/Low) and CRT-H (Current Range High/Low), which is the current low of the corrective structure.
Order Block (OB): A crucial area is the Order Block (OB), which typically represents an area where significant institutional selling pressure entered the market, causing the impulsive drop. This area often acts as a key supply zone.
Anticipated Move: The curved arrow suggests a likely scenario where the price reaches up to test the Order Block (OB) and the SBR area before potentially continuing the move down towards the range low (CRT-H) or even lower, consistent with the recent shift to a bearish bias. This is an expectation of a correction/pullback into supply followed by a continuation of the trend.
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📊 Professional Forex & Gold Analyst | Trading pure price action and high-probability market structure. Daily 4–5 quality trade setups with disciplined risk management. Join: t.me/+NJDp2aIM3QphYWNk| Contact: @fx_martin9
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.