Hey traders and investors!
Hourly Timeframe
📍 Context
The hourly chart is in a sideways range.
Currently, the buyer has the initiative, potential target 36.55.
📊 Key Actions
The 35.30 level on the hourly timeframe has worked well. This level marks the correction extreme within the dominant buyer initiative (i.e., an initiative where the correction is less than 50%).
A seller attack bar (IKC) targeting the lower boundary of the sideways range was absorbed by the buyer, and this absorption led to a renewed buyer. Targets visible on the chart - Hourly and daily timeframe: 36.55 and 36.89
Daily Timeframe
📍 Context
Currently, the buyer has the initiative, potential target 36.89.
📊 Key Actions
On the daily timeframe, there was also a seller IKC bar attacking the lower boundary of the buyer's initiative, which was bought back by the buyer.
🎯 Trade Idea
Potential buying patterns can now be monitored at: 36.20, 36.05, 35.67, 35.458
With targets set at: 36.55, 36.89, 37.32.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Hourly Timeframe
📍 Context
The hourly chart is in a sideways range.
Currently, the buyer has the initiative, potential target 36.55.
📊 Key Actions
The 35.30 level on the hourly timeframe has worked well. This level marks the correction extreme within the dominant buyer initiative (i.e., an initiative where the correction is less than 50%).
A seller attack bar (IKC) targeting the lower boundary of the sideways range was absorbed by the buyer, and this absorption led to a renewed buyer. Targets visible on the chart - Hourly and daily timeframe: 36.55 and 36.89
Daily Timeframe
📍 Context
Currently, the buyer has the initiative, potential target 36.89.
📊 Key Actions
On the daily timeframe, there was also a seller IKC bar attacking the lower boundary of the buyer's initiative, which was bought back by the buyer.
🎯 Trade Idea
Potential buying patterns can now be monitored at: 36.20, 36.05, 35.67, 35.458
With targets set at: 36.55, 36.89, 37.32.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
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.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
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.