How to read the chart and forecast the price path with #PROS

✅ Reason for monitoring:
- Range D moving sideways for 19 days => could be accumulation
- Range D at the yellow arrow point may be a candlestick sweeping previous liquidity.
=> there might be a price increase phase.
✅ Reason for not buying yet:
- Resistance near range D in the yellow box
=> Need to wait for the price to break through this resistance or poke through all the liquidity
👉 Price forecast according to the white line drawing.
If the price breaks through the resistance like the white line => wait to buy in.
✅ Entry point:
- Range D has a red candle in the white Base box, if the price moves up from here, that will be the entry zone
The reason is because that will be a failure zone for the sellers if the price rises above the resistance.
👌 That’s how I read the market and draw the forecasted price path.
Of course, if correct, there will be a buy setup, but if the price drops below, all assumptions are wrong and I lose nothing, but gain experience in chart reading.
$PROS #mstrading