Weekly candle was boxed and dragged the right until next week.
Dropped down 1 timeframe to the Day and marked the BackSide (BS) & FrontSide (FS) of the nearest range - A range for me is 2 or more of the same color candle so Accumulation ranges and Distribution ranges..
I went down 1 timeframe to the 4hr and marked nearest candles to price - a FS candle and 2 ranges all with the same wicked level with label BS / FS
I went down to the 1hr timeframe and did the same but notice the Inv. BS level is a solid color. Inverse levels, when dashed are usually resistance unless solid.
I see a lot of support under price nearest the orange 4 hr accumulation trend and hourly inv. BS at $24,995.
Dropped down 1 timeframe to the Day and marked the BackSide (BS) & FrontSide (FS) of the nearest range - A range for me is 2 or more of the same color candle so Accumulation ranges and Distribution ranges..
I went down 1 timeframe to the 4hr and marked nearest candles to price - a FS candle and 2 ranges all with the same wicked level with label BS / FS
I went down to the 1hr timeframe and did the same but notice the Inv. BS level is a solid color. Inverse levels, when dashed are usually resistance unless solid.
I see a lot of support under price nearest the orange 4 hr accumulation trend and hourly inv. BS at $24,995.
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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.