Current Price Action: The price is currently in a corrective phase, with price interacting with significant support and demand levels, marked as OB (Order Block) and NECKLINE. These levels are crucial for potential reversals.
Key Levels to Watch:
FV+ Zone (Fair Value Gap): The upper resistance is marked by the FV+ zone, indicating a potential area of rejection or a strong bearish bias.
OB (Order Block): The price is testing a significant Order Block at the lower end, which could provide a bullish reversal if price respects this demand zone.
NECKLINE: A possible neckline of a reversal pattern, it could confirm a bullish breakout if the price sustains above it.
Fibonacci Retracements: Price is currently retracing, and key Fibonacci levels (0.382, 0.5, 0.618) are in play. A bounce off the 0.5 Fibonacci level could signal a potential upside move towards the 1.272 and 1.618 extensions, providing a target for future price action.
Trendline Support: A potential trendline (represented by the dashed line) could provide additional support for a reversal in price if it holds.
Key Price Targets:
First Target: Reaching the 0.618 Fibonacci level aligns with potential resistance at higher levels.
Further Targets: Targeting the 1.272 and 1.618 Fibonacci extensions for further upside potential.
Key Levels to Watch:
FV+ Zone (Fair Value Gap): The upper resistance is marked by the FV+ zone, indicating a potential area of rejection or a strong bearish bias.
OB (Order Block): The price is testing a significant Order Block at the lower end, which could provide a bullish reversal if price respects this demand zone.
NECKLINE: A possible neckline of a reversal pattern, it could confirm a bullish breakout if the price sustains above it.
Fibonacci Retracements: Price is currently retracing, and key Fibonacci levels (0.382, 0.5, 0.618) are in play. A bounce off the 0.5 Fibonacci level could signal a potential upside move towards the 1.272 and 1.618 extensions, providing a target for future price action.
Trendline Support: A potential trendline (represented by the dashed line) could provide additional support for a reversal in price if it holds.
Key Price Targets:
First Target: Reaching the 0.618 Fibonacci level aligns with potential resistance at higher levels.
Further Targets: Targeting the 1.272 and 1.618 Fibonacci extensions for further upside potential.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.