1. Support & Resistance Levels
Resistance Zone (highlighted at the top):
Around the 110,000–112,000 range.
Previous Support (horizontal line at 101,499):
Labelled as “Break the support” — price had broken below it but is now pushing back above.
📦
Smart Money Concepts (SMC):
2. Order Block (OB)
Marked near 105,000: A key supply area where institutional activity likely occurred. Price may react here (retest or rejection).
3. FVG (Fair Value Gaps)
Two zones marked as FVG:
Lower FVG around 100,000–101,000: recently filled and acted as support.
Upper FVG just above 105,000: potential target zone before price pushes higher.
📈
Projected Price Path:
The dotted white line shows a bullish forecast:
Price breaks back above the previous support.
Pulls back into the FVG or OB.
Then rallies toward 110,000+ resistance zone.
🧠
Interpretation:
This analysis suggests a bullish reversal scenario based on:
Liquidity grab below support,
FVG and OB structures,
Expectation of institutional buying and upward continuation.
Resistance Zone (highlighted at the top):
Around the 110,000–112,000 range.
Previous Support (horizontal line at 101,499):
Labelled as “Break the support” — price had broken below it but is now pushing back above.
📦
Smart Money Concepts (SMC):
2. Order Block (OB)
Marked near 105,000: A key supply area where institutional activity likely occurred. Price may react here (retest or rejection).
3. FVG (Fair Value Gaps)
Two zones marked as FVG:
Lower FVG around 100,000–101,000: recently filled and acted as support.
Upper FVG just above 105,000: potential target zone before price pushes higher.
📈
Projected Price Path:
The dotted white line shows a bullish forecast:
Price breaks back above the previous support.
Pulls back into the FVG or OB.
Then rallies toward 110,000+ resistance zone.
🧠
Interpretation:
This analysis suggests a bullish reversal scenario based on:
Liquidity grab below support,
FVG and OB structures,
Expectation of institutional buying and upward continuation.
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.