This is just an idea of what is happening.
1- 1st Daily res Horizontal line (blue) has been acting as supp and res since July 2020 which can be seen on the red circles an also making a range that has been going since 18 Jun 2021 acting as resistance and now is actually acting as support since now it breakthrough
2- VPOC which acted as resistance as the closest highest volume point of control of the range (kind of blue rectangle) and as a perfect sniper entry for a short since it aligned perfectly with the VPOC
Now it needs to secure the support of 1st daily res (on a daily timeframe) to reach a HH breaking the VPOC Resist
This is my first time posting my analysis so I would appreciate some critics
1- 1st Daily res Horizontal line (blue) has been acting as supp and res since July 2020 which can be seen on the red circles an also making a range that has been going since 18 Jun 2021 acting as resistance and now is actually acting as support since now it breakthrough
2- VPOC which acted as resistance as the closest highest volume point of control of the range (kind of blue rectangle) and as a perfect sniper entry for a short since it aligned perfectly with the VPOC
Now it needs to secure the support of 1st daily res (on a daily timeframe) to reach a HH breaking the VPOC Resist
This is my first time posting my analysis so I would appreciate some critics