Based on a combination of my personal intuition and Smart Money Concepts (SMC), I expect the price to touch 3464 and then move upward.
✅ Reasons for this scenario:
Presence of a standard pivot around the 3464 level, which may act as a key support or resistance.
Liquidity buildup in that area, increasing the likelihood of inducement, which could fuel the upward move.
The magic Fibonacci ratio of 0.618 aligns perfectly with the last swing move, adding confluence to the setup.
📌 Entry Strategy: I plan to enter a long position upon spotting a rejection candle on the 1-minute timeframe.
Good luck and stay profitable
✅ Reasons for this scenario:
Presence of a standard pivot around the 3464 level, which may act as a key support or resistance.
Liquidity buildup in that area, increasing the likelihood of inducement, which could fuel the upward move.
The magic Fibonacci ratio of 0.618 aligns perfectly with the last swing move, adding confluence to the setup.
📌 Entry Strategy: I plan to enter a long position upon spotting a rejection candle on the 1-minute timeframe.
Good luck and stay profitable
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.
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.