Will the Price Bounce or Break?

٦ أكتوبر ٢٠٢٤

1H Timeframe Analysis
Current Price: 0.67940

Bearish Outlook:

1. 1W Chart: Bearish Engulfing (Reversal)
2. 1D Chart: Shooting Star (Reversal)
3. 4H Chart: Rising Wedge (Reversal)
4. 1H Chart: Pennant (Continuation)

The price is currently at the lower trendline of the Rising Wedge. With the Pennant pattern in play, we expect a drop to 0.67755. If strong support is found here, the price may bounce back to the major resistance at 0.68350. Due to this resistance, a reversal could push the price down to 0.67444, with potential bounces at support levels before aiming for ultimate support.

Bullish Target:
0.68350

Bearish Targets:
0.67755
0.67444
0.67139

Good luck, traders!

٧ أكتوبر ٢٠٢٤

تم فتح الصفقة

• 1st Target Reached: 0.67755 ✔

٨ أكتوبر ٢٠٢٤

تم فتح الصفقة

2nd Target Reached: 0.67444 ✔

٨ أكتوبر ٢٠٢٤

تم فتح الصفقة

3rd Target Reached: 0.67139 ✔

٨ أكتوبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

1st Target Reached: 0.67755 ✔
2nd Target Reached: 0.67444 ✔
3rd Target Reached: 0.67139 ✔

١١ أكتوبر ٢٠٢٤

ملاحظة

The market unfolded just as I mapped it out.