Price is currently trading at a key HTF resistance zone, where multiple prior rejections have occurred.
Structure
Price has impulsed back into a long-standing resistance level
No weekly close above resistance so far
Current candles show hesitation → possible R/S flip attempt
HTF structure remains range-bound until acceptance is confirmed
Key levels
Resistance: current HTF range high
Support: previous range support below (range low)
Mid-range remains a low-probability area
Scenarios
Bullish: Weekly close and acceptance above resistance → continuation toward higher HTF liquidity
Bearish: Failure to hold this level → rejection back into the range
Execution
I’m waiting for weekly confirmation before looking for any lower-timeframe setups.
Patience until structure decides direction.
MrC
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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.