On the daily chart, the price is at the lower boundary of the sideways range. Yesterday's trading day favored the buyer with decreasing volume.
On the hourly chart, the buyer resumed from the key impulse bar and twice attempted to breach the level of 4259.2 on volume but failed to do so effectively (failed to close an hourly candle above the level).
The buyer has not made a strong presence yet.
As mentioned earlier, local sales yesterday were observed from the level of 4259.2. For systemic sales, it is advisable to wait for the price to interact with the daily candle of October 19, 2023. Or after a successful breakout of the lower limit of the daily range and the seller defending this breakout.
Local purchases can be sought upon the buyer's protection level at the lower boundary of the daily range: 4217.4. Targets are 4259.2, 4269.9.
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
On the hourly chart, the buyer resumed from the key impulse bar and twice attempted to breach the level of 4259.2 on volume but failed to do so effectively (failed to close an hourly candle above the level).
The buyer has not made a strong presence yet.
As mentioned earlier, local sales yesterday were observed from the level of 4259.2. For systemic sales, it is advisable to wait for the price to interact with the daily candle of October 19, 2023. Or after a successful breakout of the lower limit of the daily range and the seller defending this breakout.
Local purchases can be sought upon the buyer's protection level at the lower boundary of the daily range: 4217.4. Targets are 4259.2, 4269.9.
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
Clarity on the Chart. Smart Trading Decisions
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Clarity on the Chart. Smart Trading Decisions
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.