Alikze »» WIF | Ready to break supply area

22 May

It has been moving in an upward channel at 12h and daily.
💎 Currently, after exiting this ascending channel, it has been suffering for some time in the range of the green box and the supply zone.
Considering the density in the trading range, I expect it to enter the ascending channel again after breaking the supply zone.
💎 If the supply zone is broken, it can touch the specified targets and the middle of the channel and then the next supply zone.
💎 Alternative scenario: If the green box area breaks, it can continue correction until 1.96.
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10 Tem

Not

After the lack of stabilization above the supply zone and the breakdown of the structure, it has taken a bearish guard, and now with the breakdown of the green box zone, which is now a resistance zone, it is correcting towards the green box with a pullback.

5 Ağu

Not

After not being able to break the 3.5 supply area and the 2.30 break area, the alternative scenario was realized and the correction continued until the green box.

21 Ağu

Not

After not breaking the supply zone, the alternative scenario was realized and the bearish target was touched and demand was met in the green box range. It is currently moving in a downward channel, which I will update soon.