7 Dimension analysis
🟢 Analysis time frame: Daily
1: Price Structure:
The market is currently exhibiting a bearish price structure with a corrective move. An inducement has already taken place, and the first order block (OB) is formed along with a gap and window area. There is also a supply area at the window.
2: Pattern:
Various chart patterns are observed:
Trend lines acting as perfect resistance.
A rising wedge pattern with a downside breakout move already completed, leading to the start of a correction.
A flag pattern formation.
A double bottom breakout with heavy volume.
A CIP (Change in polarity) expected at the gap.
Candle patterns are as follows:
Doji candle at the bottom, indicating a potential reversal.
A record low session count of just 4 bullish candles, further supporting the reversal expectation.
3: Volume:
Good volume is observed at the bottom, supporting the potential for a reversal.
4: Momentum UNCONVENTIONAL Rsi:
The Unconventional RSI is currently in the bearish zone but showing correction momentum.
5: Volatility measure Bollinger bands:
Volatility recently finished walking on the band, and the move is now resisting at the mid band, indicating a significant resistance area.
6: Strength ADX:
Bears are currently in strength according to the ADX indicator.
7: Sentiment ROC:
The market is in a corrective phase, and the USD is strong during this correction.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Entry Move: Impulsive
✔ Support Resistance Base: Swing Order Block (OB) support
➕ FIB: Waiting for confirmation
Trend Line: Waiting for a breakout when the price touches the support level.
☑️ Final comments: Consider buying at the dip.
💡 Decision: Wait until price takes liquidity from the bottom.
🚀 Entry: 100.57
✋ Stop Loss: 100.425
🎯 Take Profit: 101.270
😊 Risk to Reward Ratio: 1:5
🕛 Expected Duration: 2 days.
🟢 Analysis time frame: Daily
1: Price Structure:
The market is currently exhibiting a bearish price structure with a corrective move. An inducement has already taken place, and the first order block (OB) is formed along with a gap and window area. There is also a supply area at the window.
2: Pattern:
Various chart patterns are observed:
Trend lines acting as perfect resistance.
A rising wedge pattern with a downside breakout move already completed, leading to the start of a correction.
A flag pattern formation.
A double bottom breakout with heavy volume.
A CIP (Change in polarity) expected at the gap.
Candle patterns are as follows:
Doji candle at the bottom, indicating a potential reversal.
A record low session count of just 4 bullish candles, further supporting the reversal expectation.
3: Volume:
Good volume is observed at the bottom, supporting the potential for a reversal.
4: Momentum UNCONVENTIONAL Rsi:
The Unconventional RSI is currently in the bearish zone but showing correction momentum.
5: Volatility measure Bollinger bands:
Volatility recently finished walking on the band, and the move is now resisting at the mid band, indicating a significant resistance area.
6: Strength ADX:
Bears are currently in strength according to the ADX indicator.
7: Sentiment ROC:
The market is in a corrective phase, and the USD is strong during this correction.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Entry Move: Impulsive
✔ Support Resistance Base: Swing Order Block (OB) support
➕ FIB: Waiting for confirmation
Trend Line: Waiting for a breakout when the price touches the support level.
☑️ Final comments: Consider buying at the dip.
💡 Decision: Wait until price takes liquidity from the bottom.
🚀 Entry: 100.57
✋ Stop Loss: 100.425
🎯 Take Profit: 101.270
😊 Risk to Reward Ratio: 1:5
🕛 Expected Duration: 2 days.