📉 Technical Picture (H1):
Range Bound: Price is trading inside a rectangle pattern. Currently testing the upper boundary — resistance zone.
ADX: At 35, but that's not strong enough for a breakout. Suggests price stays range-bound.
Stochastic: In overbought territory. Exhaustion signal — upper boundary likely to hold.
🔍 What I'm watching:
Rejection from the range top → move back toward the lower boundary
Range continues until ADX picks up or a catalyst hits
Range Bound: Price is trading inside a rectangle pattern. Currently testing the upper boundary — resistance zone.
ADX: At 35, but that's not strong enough for a breakout. Suggests price stays range-bound.
Stochastic: In overbought territory. Exhaustion signal — upper boundary likely to hold.
🔍 What I'm watching:
Rejection from the range top → move back toward the lower boundary
Range continues until ADX picks up or a catalyst hits
Trade active
Sideways zone did its job. Price following the plan.
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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.
đź“Š Follow for daily Market Summary, Technical & Fundamental Analysis
👉 t.me/elibrianalytics
👉 t.me/elibrianalytics
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.