Box range: 109.63-113.62 ~ 123.90-130.04

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(1M chart)

A gap has formed in the 109.63-113.62 range.

Therefore, I think it is possible to fall to around 109.63.

Since the StochRSI indicator is showing signs of entering the oversold range, I think the area around 109.63-113.62 shows that it is an important support and resistance area.

-
(1W chart)

I think the M-Signal indicator on the 1W chart is passing through the 109.63-113.62 range, proving that this range is an important support and resistance range.

If it falls below 109.63, we should check for support near the M-Signal indicator on the 1M chart or near the HA-Low indicator on the newly created 1W chart.

- The M-Signal indicator on the 1M chart is currently passing through the 83.13 range,
- and the HA-Low indicator on the 1W chart is at the 12.77 point.

Therefore, as the price falls, it is expected that the area near the M-Signal indicator on the 1M chart will become an important support and resistance range.

-
(1D chart)

The point of interest is in which direction it deviates from the 109.63-113.62 section ~ 123.90-130.04 section.

Currently, the HA-Low and HA-High indicators on the 1W and 1D charts are quite far apart.

Therefore, if it falls below 109.63, the HA-Low indicator on the 1W and 1D charts is expected to rise and be newly created.

The creation of the HA-Low indicator means that a low section has been formed.

Therefore, if the HA-Low indicator is created this time, it is expected that a movement to create a new wave will begin.

-
If it falls from the HA-High indicator, it is likely to touch the HA-Low indicator.

The creation of the HA-High indicator means that a high section has been formed.

Therefore, in order for a full-scale uptrend to begin, the price must remain above the HA-High indicator.

Therefore, when a full-scale uptrend begins, the HA-High indicator will show a stepwise uptrend.

-
Have a nice time.
Thank you.

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