After 7 months of growth, we withdrew all liquidity from the top and created a new ATH.
Now we are facing a correction. The zones are marked on the chart.
The basis of my analysis is the FVG imbalance zones, namely the Balanced Price Range, which is the most powerful zone of interest for the price.
This zone intersects with the Fibo level of 0.382 and the block level of 0.5.
According to my medium-term estimate (2-3 months), we will reach these levels, and then the price will accumulate or there will be a strong impulse from these zones. And then we will see a new wave of growth.
I am not a professional trader, these are my thoughts. I would be happy to receive feedback and your reactions.
Now we are facing a correction. The zones are marked on the chart.
The basis of my analysis is the FVG imbalance zones, namely the Balanced Price Range, which is the most powerful zone of interest for the price.
This zone intersects with the Fibo level of 0.382 and the block level of 0.5.
According to my medium-term estimate (2-3 months), we will reach these levels, and then the price will accumulate or there will be a strong impulse from these zones. And then we will see a new wave of growth.
I am not a professional trader, these are my thoughts. I would be happy to receive feedback and your reactions.