The monthly candle closed as a strong buyer candle with significant volume.
This shows strong interest from both buyers and sellers at current levels.
Yesterday, on the daily timeframe, a seller-side IKC appeared (IKC or decision candle — the highest-volume candle within initiatives inside a sideways range).
That puts the current long targets into question — we now need to see a clear show of buyer strength.
📉 The price is currently near the 50% level of the weekly initiative — 3228.382, which could attract buyers.
Below that, daily support zones are marked on the chart at 3193 and 3167, where the buyer may regain initiative.
🔎 To consider long entries, we need to see:
• Buyer strength, and
• Price returning above 3260.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
This shows strong interest from both buyers and sellers at current levels.
Yesterday, on the daily timeframe, a seller-side IKC appeared (IKC or decision candle — the highest-volume candle within initiatives inside a sideways range).
That puts the current long targets into question — we now need to see a clear show of buyer strength.
📉 The price is currently near the 50% level of the weekly initiative — 3228.382, which could attract buyers.
Below that, daily support zones are marked on the chart at 3193 and 3167, where the buyer may regain initiative.
🔎 To consider long entries, we need to see:
• Buyer strength, and
• Price returning above 3260.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions
Похожие публикации
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.
Clarity on the Chart. Smart Trading Decisions
Похожие публикации
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.