Key Points to Highlight:
1. Price Behavior Analysis
• The candle on December 5th is significant, as it combines multiple time frames (1H, 2H, 3H, and 6H), which gives it strong influence.
• Historical data shows the first attempt resulted in an 11% drop, while the second attempt saw a 7% drop.
2. Market Patterns
• With three close attempts in a tight range, it indicates strong buyer control, increasing the likelihood of a breakout.
3. Practical Strategy
• Extend lines on small time frames (6 hours and below) to mark this zone.
• If a breakout occurs, this zone may act as future support, whereas a failure to break might turn it into resistance.
By observing such price behavior, traders can position themselves to benefit from market movements while minimizing risks.