Bearish Disruption Analysis:
1. False Breakout Risk:
The current price is consolidating in a tight range.
The support area may fail to hold due to low volume and indecision (notice the decreasing volume in recent candles).
2. Lower High Formation:
A potential lower high is forming compared to the peak from earlier on June 5.
This could signal a trend reversal or weakening bullish momentum.
3. Volume Divergence:
The bullish candles have lower volume than previous strong moves, indicating a lack of strong buying interest.
4. Support Breakdown Scenario:
If price breaks below the marked support area (~3360), we could see:
Drop toward the 3340 area (next visible support).
Acceleration if stop-losses are triggered below the support zone.
1. False Breakout Risk:
The current price is consolidating in a tight range.
The support area may fail to hold due to low volume and indecision (notice the decreasing volume in recent candles).
2. Lower High Formation:
A potential lower high is forming compared to the peak from earlier on June 5.
This could signal a trend reversal or weakening bullish momentum.
3. Volume Divergence:
The bullish candles have lower volume than previous strong moves, indicating a lack of strong buying interest.
4. Support Breakdown Scenario:
If price breaks below the marked support area (~3360), we could see:
Drop toward the 3340 area (next visible support).
Acceleration if stop-losses are triggered below the support zone.
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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.