🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: Since 1987, the market has been continuously declining, reaching its valid low in 2020 and confirming the lows in 2022. This is the first valid low in 35 years.
2:📆Monthly: The market is undergoing a change of character from bearish to bullish after 35 years. However, the high has not been confirmed yet. There is a high chance that the price will make a corrective move to confirm the highs. Over the last 8 months, the market has been in a sideways phase, forming an asymmetrical triangle pattern. It is most likely to break to the downside to complete the move and form a valid high. We can also observe significant demand in the same area.
3:📅Weekly: The overall trend is clear and upward without a valid high. The current market is in a full consolidation phase, creating three higher highs (H3) and almost three lower lows (L3) during the consolidation period, narrowing the price range. A breakout in either direction will confirm the next move, but the bias seems to be on the bearish side. Let's wait and see.
4:🕛Daily: A valid high has been formed with a proper valid low, and the third step has created a higher low (HL), indicating potential downside movements.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: More than 60% of sessions close to the downside, and all downward sessions show strong bearish closings. An inverted head and shoulders pattern has also formed.
7: 3 Volume:
8: 4 Momentum UNCONVENTIONAL RSI: Sideways for a long time.
9: 5 Volatility measure Bollinger Bands: We are experiencing a tight squeeze, indicating that all volatility has dried up. The squeeze breakout will play a major role in the coming days. Let's watch and wait for the breakout below the lower Bollinger Band for confirmation.
10: 6 Strength ADX: Sideways.
11: 7 Sentiment ROC:
✔️ Entry Time Frame: Daily
12: Entry TF Structure: Bullish
13: Entry Move: Corrective
14: Support Resistance Base: Monthly resistance trendline and daily resistance trendline.
15: FIB: Trigger event also activated.
☑️ Final comments: Sell at the squeeze breakout.
16: 💡Decision: Seeking a sell position.
17: 🚀Entry: 3.78
18: ✋Stop Loss: 4.07
19: 🎯Take Profit: 3.1
20: 😊Risk to Reward Ratio: 1:3
🕛 Expected Duration: 30 days
1:✨Eagle eye: Since 1987, the market has been continuously declining, reaching its valid low in 2020 and confirming the lows in 2022. This is the first valid low in 35 years.
2:📆Monthly: The market is undergoing a change of character from bearish to bullish after 35 years. However, the high has not been confirmed yet. There is a high chance that the price will make a corrective move to confirm the highs. Over the last 8 months, the market has been in a sideways phase, forming an asymmetrical triangle pattern. It is most likely to break to the downside to complete the move and form a valid high. We can also observe significant demand in the same area.
3:📅Weekly: The overall trend is clear and upward without a valid high. The current market is in a full consolidation phase, creating three higher highs (H3) and almost three lower lows (L3) during the consolidation period, narrowing the price range. A breakout in either direction will confirm the next move, but the bias seems to be on the bearish side. Let's wait and see.
4:🕛Daily: A valid high has been formed with a proper valid low, and the third step has created a higher low (HL), indicating potential downside movements.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: More than 60% of sessions close to the downside, and all downward sessions show strong bearish closings. An inverted head and shoulders pattern has also formed.
7: 3 Volume:
8: 4 Momentum UNCONVENTIONAL RSI: Sideways for a long time.
9: 5 Volatility measure Bollinger Bands: We are experiencing a tight squeeze, indicating that all volatility has dried up. The squeeze breakout will play a major role in the coming days. Let's watch and wait for the breakout below the lower Bollinger Band for confirmation.
10: 6 Strength ADX: Sideways.
11: 7 Sentiment ROC:
✔️ Entry Time Frame: Daily
12: Entry TF Structure: Bullish
13: Entry Move: Corrective
14: Support Resistance Base: Monthly resistance trendline and daily resistance trendline.
15: FIB: Trigger event also activated.
☑️ Final comments: Sell at the squeeze breakout.
16: 💡Decision: Seeking a sell position.
17: 🚀Entry: 3.78
18: ✋Stop Loss: 4.07
19: 🎯Take Profit: 3.1
20: 😊Risk to Reward Ratio: 1:3
🕛 Expected Duration: 30 days