I will explain my analysis,
first: the price is going down in a trading range (blue line)
second, the market generally tries twice to create a trend, the number 1 is the buying force and the number 2 is the selling force, these forces give balance to the market, the number 0 represents a vacuum, the forces are zero in vacuum (pink lines ), we can also notice that the force 1 acts as a resistance, if the force 2 serves as a support (black lines), it does not necessarily need to touch these lines, but reaching a few ticks is enough.
thank you all, leave your comment I'll be happy to answer.
first: the price is going down in a trading range (blue line)
second, the market generally tries twice to create a trend, the number 1 is the buying force and the number 2 is the selling force, these forces give balance to the market, the number 0 represents a vacuum, the forces are zero in vacuum (pink lines ), we can also notice that the force 1 acts as a resistance, if the force 2 serves as a support (black lines), it does not necessarily need to touch these lines, but reaching a few ticks is enough.
thank you all, leave your comment I'll be happy to answer.