According to a coherent and simple reading of the price action, several scenarios are emerging. First, a notable high formed on May 28, 2026 during the New York session (noted “High 1”) has been identified. If the price manages to move above this high, an uptrend could set in, insofar as this level has already been broken before, followed by a bullish range above it prior to a correction below. In that case, the price could advance toward the identified fair value gap and the gap located in the blue zone, potentially aiming for new highs. Furthermore, on June 3 (yesterday) between 7 p.m. and 11 p.m., the price closed above a significant lower low where strong buyers are present. This line constitutes a key boundary: below it, the price could drop sharply, while above it, it supports a bullish move. The darker black line represents a critical level — a former lower low that was cleanly broken and retested. Having reached the 78.60% and 61.80% Fibonacci retracement of the major trend we can identify (from the high of May 25 to the low of May 28), the price could resume its descent and target the substantial fair value gap located much lower, which appears particularly important.
Additionally, we can also identify that on May 28 at 3 a.m., the price — that is, the big, very violent candle — broke our two previous lows. So below the big dark black line, as I said before, the price will tend to be really bearish, and below the other line a bit lower, the price will also tend to be bearish, as I mentioned, to target the Fair Value Gap (blue zone), or why not even a new lower low.
This represents my personal vision and perception of the market. It is by no means trading signals or financial advice. It is solely a technical analysis based on my own perception and understanding of market dynamics. This is simply the sharing of my thoughts and perspective, which I hope may prove helpful to some of you.
Additionally, we can also identify that on May 28 at 3 a.m., the price — that is, the big, very violent candle — broke our two previous lows. So below the big dark black line, as I said before, the price will tend to be really bearish, and below the other line a bit lower, the price will also tend to be bearish, as I mentioned, to target the Fair Value Gap (blue zone), or why not even a new lower low.
This represents my personal vision and perception of the market. It is by no means trading signals or financial advice. It is solely a technical analysis based on my own perception and understanding of market dynamics. This is simply the sharing of my thoughts and perspective, which I hope may prove helpful to some of you.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.