Classic picture of institutional absorption as price compresses into a previous level of demand. Now sellers are trapped and go signal confirmed when final absorption occurs above the last low. On 5 min chart you will see 3 waves of compression easier. Absorption of sellers can be seen with orderflow such as cummulative delta bars (not available on tradingview though as far as I can see?). Buying with confidence and stop only needs to be below 6420 as below this means the analysis is wrong!
הערה
⋅
Entry 6435 Stop 6419 TP1 - 6470 (move strop to break even +2) TP2 - 6510 TP3 - 6540
הערה
⋅
Take 50% profit at TP1 then scale out
הערה
⋅
Trade closed at break even due to strong reversal from 6450s