The analysis across timeframes signifies the importance of the mentioned support and resistance zones and fair value gaps. A break of lower timeframes levels could imply a retest of higher time frames demand zones.
Weekly Timeframe
The price is currently testing the upper boundary of Support Zone #1 between 19.281-18.150. A break below this zone would imply further weakness towards Support Zone #2 and #3 lower down. Demand Zone #1 between 18.880-14.130 and #2 between 7.162-8.051 provide potential buying opportunities on pullbacks. Bullish FVG #1 between 29.050-21.400 also indicates upside potential if reclaimed.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 19.281 | 18.150 |
Support Zone #2 | 9.302 | 10.900 |
Support Zone #3 | 4.623 | 5.800 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 18.880 | 14.130 |
Demand Zone #2 | 7.162 | 8.051 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 29.050 | 21.400 |
Daily Timeframe
The price is hovering around Demand Zone #1 between 30.962-28.326. A breakdown below this could see a test of Demand Zone #2 between 21.400-18.979. Fib retracement levels provide upside targets around 38.537, 36.591, 34.645 and 31.879. Bullish FVGs #1 and #2 if closed confirm renewed upside momentum.
Fibonacci Retracement Levels
0.382 | 38.537 |
0.50 | 36.591 |
0.618 | 34.645 |
0.786 | 31.879 |
0.882 | 30.291 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 30.962 | 28.326 |
Demand Zone #2 | 21.400 | 18.979 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 34.013 | 30.962 |
Bullish FVG #2 | 23.842 | 21.400 |
4 Hour Timeframe
The price is currently inside Supply Zone #1 between 43.700-41.187. A rejection near the upper band implies further consolidation is possible. Demand Zone #1 between 36.370-35.111 will act as support. Bullish FVG #1 between 38.141-36.371 and Bearish FVG #1 between 41.442-40.850 indicate potential inflection points
Fibonacci Retracement Levels
0.382 | 38.316 |
0.50 | 37.723 |
0.618 | 37.108 |
0.786 | 36.252 |
0.882 | 35.747 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 43.700 | 41.187 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 36.370 | 35.111 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 38.141 | 36.371 |
Bearish FVG #1 | 41.442 | 40.850 |
1 Hour Timeframe
Price is testing Supply Zone #1 between 42.495-41.694 and #2 between 43.700-42.829 for resistance. Support lies at Demand Zone #1 between 35.780-35.455. Bullish and Bearish FVGs provide possible reversal areas. Fib retracement levels can be used to gauge upside/downside extensions.
Fibonacci Retracement Levels
0.382 | 38.312 |
0.50 | 37.701 |
0.618 | 37.090 |
0.786 | 36.219 |
0.882 | 35.721 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 42.495 | 41.694 |
Supply Zone #2 | 43.700 | 42.829 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 35.780 | 35.455 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 37.123 | 36.371 |
Bullish FVG #2 | 35.974 | 35.780 |
Bearish FVG #1 | 41.694 | 40.984 |
Bearish FVG #2 | 42.829 | 42.495 |