This chart emphasizes the technical analysis that fuels the market - by identifying liquidity levels and areas of clear support and resistance we can see clearly what both buyers and sellers need to do on a LTF in order to achieve their HTF goals and reach their targets. Both sides want to go in their respective directions however both sides need to give up rope against them in order to continue in their direction -
So the question is: who is giving up slack to who and on which time frame? We can assume in an uptrend that buyers are giving slack to the sellers (price moving down on a LTF) so that more buyers can step in and move price up on a HTF. We can surmise that that's what is happening on this chart when we see sustained bullish movement and controlled pullbacks toward new demand. In addition, the intentional creation of resistance and liquidity (cup N handles) prove this on a deeper more back-end level.
Happy Trading :)
So the question is: who is giving up slack to who and on which time frame? We can assume in an uptrend that buyers are giving slack to the sellers (price moving down on a LTF) so that more buyers can step in and move price up on a HTF. We can surmise that that's what is happening on this chart when we see sustained bullish movement and controlled pullbacks toward new demand. In addition, the intentional creation of resistance and liquidity (cup N handles) prove this on a deeper more back-end level.
Happy Trading :)
Dagangan aktif
As we discussed, here is the rejection of that supply zone and ensuing liquidity build toward demand zones belowNota
Beautiful reaction off of our pre-identified demand zone. Now we need to see sustained bullish volume and a strong base being built in order to break and flip the above supply zone that on the LTF we are rejecting off of.If we reject there again, we may need a deeper dig into demand below.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.