The price is still fluctuating in the range of $16,500 and does not follow a particular trend. Please note that based on the previous analysis, this level is still one of the important supply zones and I expect the price to be corrected to the lower levels mentioned in the previous analysis. But it is possible that the price will make an upward move to collect liquidity and then fall, so my view is bearish now!
The Previous Analysis :
As you can see, the price moved below the level of $15,600 and after collecting liquidity, it faced buying pressure and was able to grow to $16,660. Now the price is in a supply range and can move again to lower levels (FVG), this demand zone is between $15,800 and $16,030, and the important bullish order block will be between $15,470 and $15,800! If a new upward movement starts, its first target is $16,850 to $17,030!
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 11.27.2022 ⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️