Chart Concept & Observation :
The highlighted box in this chart represents a potential support and resistance zone, where price has historically reacted and may continue to do so.
This framework helps in identifying key reaction zones, but it should always be used in conjunction with proper confirmation and risk management.
Disclaimer :
This chart is shared purely for educational and journaling purposes only. It reflects my personal market observations and thought process.
I am simply documenting what I observe and how I interpret the market.
The highlighted box in this chart represents a potential support and resistance zone, where price has historically reacted and may continue to do so.
- If any bullish or bearish price action pattern / candlestick formation appears near the upper or lower boundary of this box, it may indicate a possible reversal opportunity.
- In some cases, the market may also respect the midpoint (50% level) of the box. Therefore, any significant price action signal forming around this level can also lead to a potential reversal.
- Additionally, if liquidity zones/lines are marked above or below the box, price may be drawn toward those areas before reacting.
- For better reversal confirmation, lower timeframe analysis can also be used to refine entries.
This framework helps in identifying key reaction zones, but it should always be used in conjunction with proper confirmation and risk management.
Disclaimer :
This chart is shared purely for educational and journaling purposes only. It reflects my personal market observations and thought process.
- I am not a SEBI-registered financial advisor.
- This is not a buy/sell recommendation, trading signal, or investment advice.
- No calls or tips are being provided here.
I am simply documenting what I observe and how I interpret the market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.