π 7 Dimension Analysis
Time Frame: H4
1οΈβ£ Swing Structure: Bullish
π’ Structure Behavior: Break of Structure (BoS)
π’ Swing Move: Corrective move, indicating a Point of Interest (POI) for potential reversal. Vigilance is required for a bullish reaction at this level.
π’ Inducement: Not done yet; waiting for a proper internal bullish BoS.
π’ Internal Structure: Currently bearish, anticipating a shift with a bullish BoS.
π’ Decisional Order Block: About to be mitigated.
π’ Demand Area: Identified via FVG, indicating a discounted area.
π’ Time Frame Confluence: Daily and H4
2οΈβ£ Pattern
π’ CHART PATTERNS: No significant chart patterns observed.
π’ CANDLE PATTERNS: Various signals: Record Session count, Shrinking long wick, Change in guard with engulfing, Doji, Momentum, Inside bar, and a blended combo suggesting a potential reversal.
3οΈβ£ Volume
π’ Fixed Range: Bullish dominance in these areas.
π’ Volume during Correction: Comparatively less during correction than in impulsive moves.
4οΈβ£ Momentum RSI
π’ Zone: Extremely Bearish
π’ Range Shift: Waiting for a potential shift from bearish to sideways. Two strong bullish divergences indicate weakness in bearish momentum.
π’ Loud Moves: Conventional RSI theory suggests an extremely oversold market, possibly signaling a reversal.
π’ Grandfather Father Son Entries: A robust 7-star buy signal.
5οΈβ£ Volatility Bollinger Bands
π’ Price is already under the Middle band.
π’ After a strong expansion, the market is moving into contraction, indicating a potential bullish sideways move.
π’ Squeeze breakout awaited.
π’ Walking on the band not yet.
6οΈβ£ Strength According to ROC
π’ Values: Nasdaq shows the highest rate of bullish sentiment compared to all other indices.
7οΈβ£ Sentiment
Price action signals a clear long entry, but other dimensions like momentum and volatility tell a different story. Waiting for final volatility and momentum confirmation for a long position.
βοΈ Entry Time Frame: H4
β Entry TF Structure: Bullish
βοΈ Current Move: Corrective
β Support Resistance Base: FVG demand area
βοΈ Candles Behavior: Bullish signals intact - RSC, Long wicks, Doji, Inside, Momentum.
βοΈ FIB Trigger Event: Occurred
βοΈ Trend Line Breakout: Breached but not confirmed.
π‘ Decision: It's prudent to wait until the price provides a proper internal structure breakout. Once a bullish BoS is confirmed, consider a buy. I will update entry, take profit, and stop levels when triggered.
π Entry:
β Stop Loss:
π― Take Profit: 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO.
π Risk to Reward Ratio:
π Expected Duration:
SUMMARY: The analysis suggests a potential bullish reversal but advises caution until the price demonstrates a clear internal structure breakout. Various signals indicate a reversal, and a detailed plan will be updated upon market confirmation.
Time Frame: H4
1οΈβ£ Swing Structure: Bullish
π’ Structure Behavior: Break of Structure (BoS)
π’ Swing Move: Corrective move, indicating a Point of Interest (POI) for potential reversal. Vigilance is required for a bullish reaction at this level.
π’ Inducement: Not done yet; waiting for a proper internal bullish BoS.
π’ Internal Structure: Currently bearish, anticipating a shift with a bullish BoS.
π’ Decisional Order Block: About to be mitigated.
π’ Demand Area: Identified via FVG, indicating a discounted area.
π’ Time Frame Confluence: Daily and H4
2οΈβ£ Pattern
π’ CHART PATTERNS: No significant chart patterns observed.
π’ CANDLE PATTERNS: Various signals: Record Session count, Shrinking long wick, Change in guard with engulfing, Doji, Momentum, Inside bar, and a blended combo suggesting a potential reversal.
3οΈβ£ Volume
π’ Fixed Range: Bullish dominance in these areas.
π’ Volume during Correction: Comparatively less during correction than in impulsive moves.
4οΈβ£ Momentum RSI
π’ Zone: Extremely Bearish
π’ Range Shift: Waiting for a potential shift from bearish to sideways. Two strong bullish divergences indicate weakness in bearish momentum.
π’ Loud Moves: Conventional RSI theory suggests an extremely oversold market, possibly signaling a reversal.
π’ Grandfather Father Son Entries: A robust 7-star buy signal.
5οΈβ£ Volatility Bollinger Bands
π’ Price is already under the Middle band.
π’ After a strong expansion, the market is moving into contraction, indicating a potential bullish sideways move.
π’ Squeeze breakout awaited.
π’ Walking on the band not yet.
6οΈβ£ Strength According to ROC
π’ Values: Nasdaq shows the highest rate of bullish sentiment compared to all other indices.
7οΈβ£ Sentiment
Price action signals a clear long entry, but other dimensions like momentum and volatility tell a different story. Waiting for final volatility and momentum confirmation for a long position.
βοΈ Entry Time Frame: H4
β Entry TF Structure: Bullish
βοΈ Current Move: Corrective
β Support Resistance Base: FVG demand area
βοΈ Candles Behavior: Bullish signals intact - RSC, Long wicks, Doji, Inside, Momentum.
βοΈ FIB Trigger Event: Occurred
βοΈ Trend Line Breakout: Breached but not confirmed.
π‘ Decision: It's prudent to wait until the price provides a proper internal structure breakout. Once a bullish BoS is confirmed, consider a buy. I will update entry, take profit, and stop levels when triggered.
π Entry:
β Stop Loss:
π― Take Profit: 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO.
π Risk to Reward Ratio:
π Expected Duration:
SUMMARY: The analysis suggests a potential bullish reversal but advises caution until the price demonstrates a clear internal structure breakout. Various signals indicate a reversal, and a detailed plan will be updated upon market confirmation.