The gray zone is a heavy supply zone. As you see the price has formed a breakout and a uptrend. The idea is that price will hike up until and then there is a big spike to the down after touching the zone.
Note
you can place a sell limit on the zone with the sl of top of the zone.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.