Buying is prevalent, but no significant growth is yet evident. The price is consolidating within a narrow range, maintaining an upward structure.
Table of content
In this market review, we are not attempting to predict the future; our task is to state the facts we have at the current moment. We base our actions on these facts, not on our expectations and hopes.
The overall situation remains essentially unchanged. Based on the latest bars, we see a predominance of buy market orders (green rectangle), which is clearly reflected in the delta histogram.
At the same time, limit orders also show a predominance of buy orders (orange rectangle). In the current market structure, it is these volumes that act as limit support.

The effectiveness of volume influence on buyers has shifted significantly: while activity remains high, its impact on further price growth has somewhat diminished.

The balance index has shifted upward and is in the abnormal percentile range, remaining in the rare range.

Price Dynamics
Amid prevailing market buying, the price has slowed locally and entered a narrow range. Meanwhile, the volume of limit buy orders continues to predominate, forming support in the current price range.
According to Charles Dow’s theory, the structure remains ascending: the sequence of higher highs and higher lows is maintained (marked on the chart).

How would you implement a trading idea in this situation?
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