The weekly chart expresses more clearly what is most noisy in the Daily: indecision.
4 rejected by the resistance at 6.9k, with attempts however increasingly decisive of breakthrough (highs of the shadow higher and also highs of the closings higher).
All accompanied by decreasing volumes, and very modest: the demand is not yet sufficient to absorb all the liquidity that occurs above 6.9.
A close this week below 6.9 would present a supply setup on resistance, and weakness on demand on resistance (two sides of the same coin if we want), which would encourage me to look for the SHORT setup on a lower time frame, for hedging purposes for my SPOT position.
A decisive closure above 6.9, on the contrary, would encourage the search for the LONG, perhaps on retests of the same always on a lower TF.
6.9 becomes the invalidation level of both setups.
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