Key Observations:
Pattern Type: Symmetrical triangle with converging trendlines.
Higher lows show demand stepping in.
Lower highs signal sellers defending resistance.
Volume Profile: Volume is tapering off, aligning with triangle logic → explosive move likely upon breakout.
Liquidity Pool Below: Large liquidity zone marked around 1.68300–1.74000, previously acted as accumulation base and demand zone.
Price Behavior: Currently nearing apex; compression suggests volatility expansion imminent.
Pattern Type: Symmetrical triangle with converging trendlines.
Higher lows show demand stepping in.
Lower highs signal sellers defending resistance.
Volume Profile: Volume is tapering off, aligning with triangle logic → explosive move likely upon breakout.
Liquidity Pool Below: Large liquidity zone marked around 1.68300–1.74000, previously acted as accumulation base and demand zone.
Price Behavior: Currently nearing apex; compression suggests volatility expansion imminent.
DKtrades
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.
DKtrades
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.