How to Observe Weekly and Monthly Chart Structure

The weekly (left) and monthly (right) timeframes, bringing attention to a confluence zone of technical interest.

On the weekly chart, price has developed a compressing pattern, defined by distinct purple lines, with dotted lines marking hidden channel boundaries and long-term levels for context. The highlighted supply-demand zone reflects previous market activity, where buyers and sellers actively shaped reversals and consolidations.

On the monthly timeframe, the same zone aligns with an established rising trendline support, indicating an area where price has historically responded with high volume and volatility. Multiple timeframe alignment and proximity to major horizontal structures

No forecasts or breakout signals are implied; the focus is on mapping price responses and monitoring structure, not predicting direction. Consistent observation of these overlapping technical factors may help traders build sound trading hypotheses in line with their individual strategies.