😇7 Dimension Analysis
Analysis Time Frame: Daily
1: Price Structure:
The current price structure is bullish, with an initial behavior of a Bullish Order Block (BoS). The move is considered corrective, and the inducement has already taken place and is now considered valid and high. There have been 2 pullbacks, and the extreme order block remains unmitigated. The daily time frame shows a confluence area of demand.
2: Patterns:
🟢TREND LINES:
Trend lines are acting as support.
🟢CHART PATTERNS:
A CIP (Change in Polarity) pattern is observed, with this supply area acting as CIP.
A V-shape swing during the corrective move indicates a rapid impulsive recovery once the low is validated.
🟢CANDLE PATTERNS:
Shrinking candles, with the 3rd candle losing size compared to the previous ones.
A doji classic pattern, with the last candle closing as a doji.
A record session count of 6 consecutive bearish candles, but the low is not yet confirmed.
3: Volume:
Average volume observed.
4: Momentum RSI:
🟢The RSI is in a bullish zone.
🟢Currently in a bullish range shift.
5: Volatility Bollinger Bands:
🟢Middle band support and resistance levels are holding.
6: Strength ADX:
Bulls are slightly stronger than bears, with a kiss and cross pattern at the moment.
7: Sentiment ROC:
The rate of change is neutral, at 50/50.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Entry Move: Impulsive
✔ Support Resistance Base: H1 Order Block rejection.
➕ FIB: Activated
↕️ Trend Line Breakout: Confirmed.
☑️ Final Comments: Sell for a corrective move.
💡 Decision: Sell
🚀 Entry: 1.2853
✋ Stop Loss: 1.2875
🎯 Take Profit: 1.2705
😊 Risk to Reward Ratio: 1:7
🕛 Expected Duration: 2 days
Summary: The price structure is bullish, but currently in a corrective move. The trend lines are acting as support, and a CIP pattern is observed. Bulls are slightly stronger than bears, and the RSI is in a bullish zone. Selling is suggested for a corrective move, with an entry at 1.2853, stop loss at 1.2875, and take profit at 1.2705, providing a risk to reward ratio of 1:7.
Analysis Time Frame: Daily
1: Price Structure:
The current price structure is bullish, with an initial behavior of a Bullish Order Block (BoS). The move is considered corrective, and the inducement has already taken place and is now considered valid and high. There have been 2 pullbacks, and the extreme order block remains unmitigated. The daily time frame shows a confluence area of demand.
2: Patterns:
🟢TREND LINES:
Trend lines are acting as support.
🟢CHART PATTERNS:
A CIP (Change in Polarity) pattern is observed, with this supply area acting as CIP.
A V-shape swing during the corrective move indicates a rapid impulsive recovery once the low is validated.
🟢CANDLE PATTERNS:
Shrinking candles, with the 3rd candle losing size compared to the previous ones.
A doji classic pattern, with the last candle closing as a doji.
A record session count of 6 consecutive bearish candles, but the low is not yet confirmed.
3: Volume:
Average volume observed.
4: Momentum RSI:
🟢The RSI is in a bullish zone.
🟢Currently in a bullish range shift.
5: Volatility Bollinger Bands:
🟢Middle band support and resistance levels are holding.
6: Strength ADX:
Bulls are slightly stronger than bears, with a kiss and cross pattern at the moment.
7: Sentiment ROC:
The rate of change is neutral, at 50/50.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Entry Move: Impulsive
✔ Support Resistance Base: H1 Order Block rejection.
➕ FIB: Activated
↕️ Trend Line Breakout: Confirmed.
☑️ Final Comments: Sell for a corrective move.
💡 Decision: Sell
🚀 Entry: 1.2853
✋ Stop Loss: 1.2875
🎯 Take Profit: 1.2705
😊 Risk to Reward Ratio: 1:7
🕛 Expected Duration: 2 days
Summary: The price structure is bullish, but currently in a corrective move. The trend lines are acting as support, and a CIP pattern is observed. Bulls are slightly stronger than bears, and the RSI is in a bullish zone. Selling is suggested for a corrective move, with an entry at 1.2853, stop loss at 1.2875, and take profit at 1.2705, providing a risk to reward ratio of 1:7.
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.
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.