Daily buyer zone shows a successful test; 2H chart points to active buyer initiative with a target at 88,519.
This analysis is based on the Initiative Analysis (IA) method.
Hello, traders and investors!
On the daily timeframe, a buyer zone has formed at the end of the seller initiative. Yesterday, this buyer zone was tested by a seller bar on declining volume, which looks more like a test rather than active selling.
On the 2-hour timeframe, we have a sideways range with an active buyer initiative, and the nearest target is 88,519.
Yesterday, the seller attempted to push the price lower on increased volume, but the move stalled within the key volume area (87,000–86,000) of the daily buyer candle — the candle that formed the buyer zone on the daily chart.
Wishing you profitable trades!
This analysis is based on the Initiative Analysis (IA) method.
Hello, traders and investors!
On the daily timeframe, a buyer zone has formed at the end of the seller initiative. Yesterday, this buyer zone was tested by a seller bar on declining volume, which looks more like a test rather than active selling.
On the 2-hour timeframe, we have a sideways range with an active buyer initiative, and the nearest target is 88,519.
Yesterday, the seller attempted to push the price lower on increased volume, but the move stalled within the key volume area (87,000–86,000) of the daily buyer candle — the candle that formed the buyer zone on the daily chart.
Wishing you profitable trades!
Рыночные сценарии, инструкция к индикатору, практические примеры — t.me/ialogic
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Related publications
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.
Рыночные сценарии, инструкция к индикатору, практические примеры — t.me/ialogic
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Market scenarios, indicator guide, practical examples — t.me/initiativeanalysis
Clarity on the Chart. Smart Trading Decisions
Related publications
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.