Technical Analysis Method SMC
** 7 Dimension Analysis**
Time Frame: H1 / 5M (Minute)
1: Swing Structure: Bearish
🟢 Structure Behavior: Choch, now at this extreme POI (Point of Interest) 🟢
🟢 Swing Move: Corrective (about to end) ↪️
🟢 Lower Time Frame (M1): Inducement is done. It's better to wait for M1 structure shift. ⛔
🟢 Internal Structure: Bullish yet ⬆️
🟢 Supply Area: Based on M5 timeframe 🟦
2: Pattern
🟢 CHART PATTERNS: No reversal chart pattern detected yet. ⬜
🟢 CANDLE PATTERNS: Record Session count
3: Volume
🟢 After a good rally, volume is drying up now. **
🟢 Volume during correction is less than impulsive volume. **
4: Momentum RSI
Current: Bullish to sideways with proper bearish divergence and range shift. **
5: Volatility Bollinger Bands
🟢 Middle band is interim support yet. 🟦
🟢 Price is currently in a contraction phase, making a Bollinger Band "W" pattern with the complete leg about to end. ➡️
🟢 High with a pin bar price also indicates a Band Puncher. **
6: Strength (ROC - Not Included)
7: Sentiment: Bearish for M5 SMC (Smart Money Concept) timeframe
✔️ Entry Time Frame: M5
✅ Entry TF Structure: Bearish
☑️ Current Move: Correction at extreme POI ☑️
☑️ Resistance Area: Gives multiple rejections ❌
☑️ Candle Behavior: Not clear ⬜
☑️ Trend Line Breakout: Waiting ⏳
** Decision:** Sell if price gives a breakout of the trend line ⬇️
** Entry:** 2381
✋ Stop Loss: 2387
Take Profit:** 2355
Risk-to-Reward Ratio:** 3.5
Expected Duration:** One day
SUMMARY:
Based on the multi-timeframe analysis, a potential short selling opportunity exists with a bearish bias. The current corrective move might be nearing its end at the extreme POI. However, waiting for confirmation from a bearish breakout on the M5 timeframe and a clear bearish candle pattern is recommended before entering a trade. Remember, this analysis should not be considered financial advice.
** 7 Dimension Analysis**
Time Frame: H1 / 5M (Minute)
1: Swing Structure: Bearish
🟢 Structure Behavior: Choch, now at this extreme POI (Point of Interest) 🟢
🟢 Swing Move: Corrective (about to end) ↪️
🟢 Lower Time Frame (M1): Inducement is done. It's better to wait for M1 structure shift. ⛔
🟢 Internal Structure: Bullish yet ⬆️
🟢 Supply Area: Based on M5 timeframe 🟦
2: Pattern
🟢 CHART PATTERNS: No reversal chart pattern detected yet. ⬜
🟢 CANDLE PATTERNS: Record Session count
3: Volume
🟢 After a good rally, volume is drying up now. **
🟢 Volume during correction is less than impulsive volume. **
4: Momentum RSI
Current: Bullish to sideways with proper bearish divergence and range shift. **
5: Volatility Bollinger Bands
🟢 Middle band is interim support yet. 🟦
🟢 Price is currently in a contraction phase, making a Bollinger Band "W" pattern with the complete leg about to end. ➡️
🟢 High with a pin bar price also indicates a Band Puncher. **
6: Strength (ROC - Not Included)
7: Sentiment: Bearish for M5 SMC (Smart Money Concept) timeframe
✔️ Entry Time Frame: M5
✅ Entry TF Structure: Bearish
☑️ Current Move: Correction at extreme POI ☑️
☑️ Resistance Area: Gives multiple rejections ❌
☑️ Candle Behavior: Not clear ⬜
☑️ Trend Line Breakout: Waiting ⏳
** Decision:** Sell if price gives a breakout of the trend line ⬇️
** Entry:** 2381
✋ Stop Loss: 2387
Take Profit:** 2355
Risk-to-Reward Ratio:** 3.5
Expected Duration:** One day
SUMMARY:
Based on the multi-timeframe analysis, a potential short selling opportunity exists with a bearish bias. The current corrective move might be nearing its end at the extreme POI. However, waiting for confirmation from a bearish breakout on the M5 timeframe and a clear bearish candle pattern is recommended before entering a trade. Remember, this analysis should not be considered financial advice.
Trade closed: target reached
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.