A new balance was formed with the range 1.70-1.91 While the price is inside the balance, it is necessary to trade only from the borders. At the moment the price is at the bottom of the balance. We expect a rebound from this area with a target on other side of the balance - 1.90-1.91. But, if the price will breakdown 1.70 we will see a price fall to 1.6035. In any case, we must proceed from the facts. There is a fact - there is action. There is no fact - there is no action.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 1-3 fixing movement.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.