Price broke below the previous support and confirmed an S/R flip, turning that level into resistance.
Last wick from October 6th is now fully filled, which means that inefficiency has been resolved.
We are currently trading below key weekly support, and price is consolidating at lows.
At this point, there is no clear confirmation of a reversal yet.
Key observation:
If price creates a deviation below current support, I’ll be watching for long opportunities on lower timeframes, targeting a move back into the range.
If not, this level may act as acceptance and continuation to the downside.
Patience is key here — let the market show its hand.
Levels to watch:
Resistance: previous weekly support (now S/R flip)
Support: current lows after wick fill
What do you think — deviation reclaim incoming or further downside first?
Last wick from October 6th is now fully filled, which means that inefficiency has been resolved.
We are currently trading below key weekly support, and price is consolidating at lows.
At this point, there is no clear confirmation of a reversal yet.
Key observation:
If price creates a deviation below current support, I’ll be watching for long opportunities on lower timeframes, targeting a move back into the range.
If not, this level may act as acceptance and continuation to the downside.
Patience is key here — let the market show its hand.
Levels to watch:
Resistance: previous weekly support (now S/R flip)
Support: current lows after wick fill
What do you think — deviation reclaim incoming or further downside first?
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.