Alikze »» RUNE | Demand area support

26 Nis

In the continuation of the daily time frame analysis, after the break of the trigger line and pullback to the broken structure, RUNE had a growth in accordance with the movement path, which again showed a positive reaction to this trigger line after correction.
💎 But in the 12H time frame, due to the momentum and upward guard and support in the green box, it can continue to grow after filling the FVG gap and breaking the trigger line up to the supply range and neck line.
💎 Therefore, in the first scenario: a possible scenario with support in the green box, we should see the FVG gap fill and climb up to the trigger line, which can continue this growth after its failure until the supply range.
💎 Second scenario: in case of weakness in the continuation of the trend and loss of the green box area, this correction can continue until 3.13.
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13 May

Not

According to the movement path after the retest, the green box area has moved up to the dynamic trigger. This reversal can be a pullback to the broken structure to continue to the supply zone. If the behavior and structure of the post changes, it will be updated.

15 May

Not

According to the movement path, after hitting the trigger line and hight in the green box area, it is breaking the trigger line towards the target and the first supply area.

20 May

Not

According to the movement path after the failure of the dynamic trigger, it has already touched the neck line and filled the FVG gap. Therefore, if the area fails, it can also touch the second target.