Broader Market Structure (AAPL 15M):
The broader trend recently shifted after a sustained bearish leg that produced consecutive lower lows. A Change of Character (CHoCH) occurred at $235.12, signaling a potential reversal as price broke through prior supply and disrupted bearish order flow. However, despite the temporary bullish rally, the last confirmed Break of Structure (BOS) to the downside at $223.78 remains significant, keeping the higher timeframe structure bearish unless price can sustain above $235.12. This leaves the market in a corrective phase where short-term upside rallies may serve as liquidity grabs before continuation lower.
Supply and Demand Analysis:
The supply zone around $233–235 has acted as a ceiling where price previously dropped sharply, showing strong selling pressure. Buyers stepped in with strength near $224–226, creating a demand zone that supported the recent rally, but since price already retested parts of this zone, it is moderately weakened. Deeper demand levels around $222–223 remain stronger, as buyers drove a strong impulsive reaction from there during the last reversal attempt.
Price Action Within Marked Region:
Currently, price is trading inside the prior supply zone and pressing into resistance with diminishing momentum. The projection suggests a rejection from this zone, aligning with the expectation of a move back toward demand levels. If price respects supply, the next likely path is a retracement into $226–224. Should that area hold, buyers could attempt another bounce, but if it fails, continuation into $222–223 becomes the probable scenario.
Current Trade Bias & Outlook:
The bias is bearish at this stage, with sellers favored at supply. Expected direction is down toward $226–224 initially, with a potential extension lower. The invalidation level for this bearish outlook would be a clean break and sustained hold above $235.12, which would flip the structure into a stronger bullish continuation.
Momentum & Candlestick Behavior:
Momentum currently favors sellers, with wicks appearing on the upside rally suggesting absorption of buying pressure. No strong bullish engulfing or continuation candles are forming at supply, reinforcing the idea of exhaustion at these levels.
The broader trend recently shifted after a sustained bearish leg that produced consecutive lower lows. A Change of Character (CHoCH) occurred at $235.12, signaling a potential reversal as price broke through prior supply and disrupted bearish order flow. However, despite the temporary bullish rally, the last confirmed Break of Structure (BOS) to the downside at $223.78 remains significant, keeping the higher timeframe structure bearish unless price can sustain above $235.12. This leaves the market in a corrective phase where short-term upside rallies may serve as liquidity grabs before continuation lower.
Supply and Demand Analysis:
The supply zone around $233–235 has acted as a ceiling where price previously dropped sharply, showing strong selling pressure. Buyers stepped in with strength near $224–226, creating a demand zone that supported the recent rally, but since price already retested parts of this zone, it is moderately weakened. Deeper demand levels around $222–223 remain stronger, as buyers drove a strong impulsive reaction from there during the last reversal attempt.
Price Action Within Marked Region:
Currently, price is trading inside the prior supply zone and pressing into resistance with diminishing momentum. The projection suggests a rejection from this zone, aligning with the expectation of a move back toward demand levels. If price respects supply, the next likely path is a retracement into $226–224. Should that area hold, buyers could attempt another bounce, but if it fails, continuation into $222–223 becomes the probable scenario.
Current Trade Bias & Outlook:
The bias is bearish at this stage, with sellers favored at supply. Expected direction is down toward $226–224 initially, with a potential extension lower. The invalidation level for this bearish outlook would be a clean break and sustained hold above $235.12, which would flip the structure into a stronger bullish continuation.
Momentum & Candlestick Behavior:
Momentum currently favors sellers, with wicks appearing on the upside rally suggesting absorption of buying pressure. No strong bullish engulfing or continuation candles are forming at supply, reinforcing the idea of exhaustion at these levels.
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Disclaimer
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.
Looking for powerful AI trading signals? Visit ProSignal.ai and take your trading to the next level! or join our telegram channel at t.me/prosignalai
Disclaimer
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.