🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️
✨Eagle Eye: Strongly bullish with a potential for a minor correction
📆 Monthly: Currently in an uptrend with a minor corrective phase. The market has engulfed the last 3 months' move with a high chance of moving upward.
📅 Weekly: A clean uptrend with a BOS indicating a short correction before moving up again this week.
🕛 Daily: A proper break of structure with a classic cup and handle pattern and substantial buildup. All bullish signs are present, making it a good time to enter for a buy entry.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
1 Price Structure: Bullish
2 Pattern Candle Chart: Cup and handle pattern with confirmed breakout after buildup
3 Volume: Volumes increased at the 2nd breakout, but not significantly strong
4 Momentum UNCONVENTIONAL RSI: Clearly in the super bullish zone
5 Volatility Measure Bollinger Bands: M-type patterns not suitable for bulls, with a short reversal expected
6 Strength ADX: Bull DMI cross-bulls have taken control, with a correction expected
7 Sentiment ROC: The USD shows strength this week.
✔️ Entry Time Frame: H4
12. Entry TF Structure: Bullish
Entry Move: We need a reversal now
Support Resistance Base: Lower side trend line support at present
FIB: Corrective move started
☑️ Final Comments: The corrective move is expected to complete around the 1980 area.
16. 💡Decision: Buy
🚀Entry: 1982
✋Stop Loss: 1970
🎯Take Profit: 2070
😊Risk to Reward Ratio: 1:4
🕛 Expected Duration: 5 days.
✨Eagle Eye: Strongly bullish with a potential for a minor correction
📆 Monthly: Currently in an uptrend with a minor corrective phase. The market has engulfed the last 3 months' move with a high chance of moving upward.
📅 Weekly: A clean uptrend with a BOS indicating a short correction before moving up again this week.
🕛 Daily: A proper break of structure with a classic cup and handle pattern and substantial buildup. All bullish signs are present, making it a good time to enter for a buy entry.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
1 Price Structure: Bullish
2 Pattern Candle Chart: Cup and handle pattern with confirmed breakout after buildup
3 Volume: Volumes increased at the 2nd breakout, but not significantly strong
4 Momentum UNCONVENTIONAL RSI: Clearly in the super bullish zone
5 Volatility Measure Bollinger Bands: M-type patterns not suitable for bulls, with a short reversal expected
6 Strength ADX: Bull DMI cross-bulls have taken control, with a correction expected
7 Sentiment ROC: The USD shows strength this week.
✔️ Entry Time Frame: H4
12. Entry TF Structure: Bullish
Entry Move: We need a reversal now
Support Resistance Base: Lower side trend line support at present
FIB: Corrective move started
☑️ Final Comments: The corrective move is expected to complete around the 1980 area.
16. 💡Decision: Buy
🚀Entry: 1982
✋Stop Loss: 1970
🎯Take Profit: 2070
😊Risk to Reward Ratio: 1:4
🕛 Expected Duration: 5 days.
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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.