On the daily chart, the price is in a sideways range. The short vector 5-6 has been played out. Yesterday's candle broke the test level (84.39) of the daily buyer zone on volume.
On the hourly chart, there is a trend. The level of 86.3 serves as support for the short trend. After breaking the daily level of 84.39, accumulation takes place.
Since the short vector in the daily range has been played out, it's worth considering long positions to play out the long vector 6-7.
Aggressive local purchases can be sought above the level of the daily test at 84.39 if the price exits upwards from the accumulation, stabilizes for an hour above 84.39, and is then protected by the buyer.
Systemic local purchases are advisable to look for when the price overcomes the support level of the short trend on the hourly chart (86.3), and then the buyer protects this level.
Local sales can be sought from the protection of the seller at 84.39, if during the attack on this level, the buyer cannot absorb the last successful candle of the seller (time: 11-00).
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
On the hourly chart, there is a trend. The level of 86.3 serves as support for the short trend. After breaking the daily level of 84.39, accumulation takes place.
Since the short vector in the daily range has been played out, it's worth considering long positions to play out the long vector 6-7.
Aggressive local purchases can be sought above the level of the daily test at 84.39 if the price exits upwards from the accumulation, stabilizes for an hour above 84.39, and is then protected by the buyer.
Systemic local purchases are advisable to look for when the price overcomes the support level of the short trend on the hourly chart (86.3), and then the buyer protects this level.
Local sales can be sought from the protection of the seller at 84.39, if during the attack on this level, the buyer cannot absorb the last successful candle of the seller (time: 11-00).
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
Good luck with your trading!