🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum.
2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish sentiment.
3.📅Weekly: The trend is bullish, and there is a double top formation. We need to wait for a breakout or, alternatively, if the price forms a bearish structure on the 4-hour timeframe, we may consider selling.
4.🕛Daily: The swing is almost complete, and there is also a weekly double top formation. There is a high chance that the market may undergo a deep correction before continuing the next bullish swing.
😇7 Dimension Analysis
🟢 Analysis Time Frame: D1
Price Structure: The overall structure is bullish, with the swing almost completed.
Pattern Candle Chart: There is a triple top formation with a hanging man candle, indicating a potential reversal.
Volume: There is heightened volume at the top, suggesting a potential exhaustion of buying pressure.
Momentum UNCONVENTIONAL RSI: Bearish divergence is observed, indicating a potential weakening of bullish momentum.
Volatility Measure Bollinger Bands: The "M" pattern's last leg is forming, which could lead to increased volatility.
Strength ADX: The ADX line is below the weakness level in an uptrend, indicating a potential loss of bullish strength.
Sentiment ROC: Check the rate of change for further insights.
✔️ Entry Time Frame: H1
12. Entry TF Structure: The structure on the H1 timeframe is bullish, with a completed swing and resistance levels from higher timeframes.
Entry Move: Look for a corrective move before entering.
Support Resistance Base: Consider the resistance levels on the weekly, daily, and H4 timeframes.
FIB or Trendline: The trigger event has already occurred, and the trendline has been broken.
☑️ Final Comments: Sell position is recommended at this point.
16. 💡Decision: Sell
🚀Entry: 171.693
✋Stop Loss: 172.521
🎯Take Profit: 165.373
😊Risk-to-Reward Ratio: 1 to 7
🕛 Expected Duration: 30 days
1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum.
2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish sentiment.
3.📅Weekly: The trend is bullish, and there is a double top formation. We need to wait for a breakout or, alternatively, if the price forms a bearish structure on the 4-hour timeframe, we may consider selling.
4.🕛Daily: The swing is almost complete, and there is also a weekly double top formation. There is a high chance that the market may undergo a deep correction before continuing the next bullish swing.
😇7 Dimension Analysis
🟢 Analysis Time Frame: D1
Price Structure: The overall structure is bullish, with the swing almost completed.
Pattern Candle Chart: There is a triple top formation with a hanging man candle, indicating a potential reversal.
Volume: There is heightened volume at the top, suggesting a potential exhaustion of buying pressure.
Momentum UNCONVENTIONAL RSI: Bearish divergence is observed, indicating a potential weakening of bullish momentum.
Volatility Measure Bollinger Bands: The "M" pattern's last leg is forming, which could lead to increased volatility.
Strength ADX: The ADX line is below the weakness level in an uptrend, indicating a potential loss of bullish strength.
Sentiment ROC: Check the rate of change for further insights.
✔️ Entry Time Frame: H1
12. Entry TF Structure: The structure on the H1 timeframe is bullish, with a completed swing and resistance levels from higher timeframes.
Entry Move: Look for a corrective move before entering.
Support Resistance Base: Consider the resistance levels on the weekly, daily, and H4 timeframes.
FIB or Trendline: The trigger event has already occurred, and the trendline has been broken.
☑️ Final Comments: Sell position is recommended at this point.
16. 💡Decision: Sell
🚀Entry: 171.693
✋Stop Loss: 172.521
🎯Take Profit: 165.373
😊Risk-to-Reward Ratio: 1 to 7
🕛 Expected Duration: 30 days