This chart illustrates a classic Market Maker 3-Level Rise Pattern:
Key Forecast:
A retracement is expected toward the 93.297 zone, which aligns with:
This move may serve as a manipulation trap to grab liquidity below recent lows before pushing higher. If price reacts strongly at 93.297 with bullish structure, a long setup targeting new highs (~94.40+) is favored.
- Level 1: Initiated after a consolidation phase, marked by a clear shift in structure.
- Level 2: Continued bullish expansion with stronger impulsive candles.
- Level 3: Price reaches an overextended zone with signs of slowing momentum, indicating a potential distribution or retracement phase.
Key Forecast:
A retracement is expected toward the 93.297 zone, which aligns with:
- Possible reaccumulating point before continuation
This move may serve as a manipulation trap to grab liquidity below recent lows before pushing higher. If price reacts strongly at 93.297 with bullish structure, a long setup targeting new highs (~94.40+) is favored.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.