Key Observations
1. Current Price Approximately 3338.720.
2. Marked Zones
Supply Zone (Yellow Box at the Top) Around 3359.749 – indicating a potential resistance area or origin of a bearish move
Demand Zone/Target Point (Yellow Box at the Bottom): Around 3298.382 – labeled as the target point suggesting a bearish price target
3. Arrow A bold blue arrow points downward from the current price level to the target point indicating a bearish trade idea or projection
4. Candlestick Trend Prior to the current price there is a strong bullish move (green candles) followed by a few red candles suggesting a potential reversal or retracement
5. Fibonacci or Risk/Reward Tool A green-to-red rectangle might represent a trade setup with the green area showing the potential reward and the red area showing the risk
Interpretation
The chart suggests a short (sell) trade setup with
Entry around 3338.720
Stop loss near 3359.749
Target near 3298.382
This setup likely assumes a retracement or rejection from the recent highs, targeting the previous demand or imbalance area
Let me know if you’d like a breakdown of risk-reward ratio or further help analyzing this trade idea
1. Current Price Approximately 3338.720.
2. Marked Zones
Supply Zone (Yellow Box at the Top) Around 3359.749 – indicating a potential resistance area or origin of a bearish move
Demand Zone/Target Point (Yellow Box at the Bottom): Around 3298.382 – labeled as the target point suggesting a bearish price target
3. Arrow A bold blue arrow points downward from the current price level to the target point indicating a bearish trade idea or projection
4. Candlestick Trend Prior to the current price there is a strong bullish move (green candles) followed by a few red candles suggesting a potential reversal or retracement
5. Fibonacci or Risk/Reward Tool A green-to-red rectangle might represent a trade setup with the green area showing the potential reward and the red area showing the risk
Interpretation
The chart suggests a short (sell) trade setup with
Entry around 3338.720
Stop loss near 3359.749
Target near 3298.382
This setup likely assumes a retracement or rejection from the recent highs, targeting the previous demand or imbalance area
Let me know if you’d like a breakdown of risk-reward ratio or further help analyzing this trade idea
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.
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.