STRONG DEMAND ZONE FOR #ID COULD EVENTUALLY TURN INTO...
There are many possibilities that forms in the hourly, daily, weekly, monthly and yearly timeframes.
This includes the formation that we have found with ID's market structure.
The market swing that ID is currently attempting can be seen with the extreme demand zone that it has at 0.2904 and the surrounding areas around it. The best potential reversal zone may be formed once the several support points become connected. This will be made possible once the buying strength will be properly accumulated at the highlighted support zone in the chart.
Stay wise, trade cautiously.