Grinding Into 1HR Order Block |Trendline Breakdown Pending to 62

Jun 13

1. Left-Side Structural Foundations
SMT & POI Discovery: In early June, the absolute bottom of the corrective move was established via an SMT Divergence near the $59,000 psychological floor, leading to a fast break upward through an old institutional POI (Point of Interest).
The Failure Swing: Around June 9th, price attempted to break higher but formed a prominent Failure Swing (Failure to create a higher high), leading to a sharp, temporary liquidation drop back down to the $60,800 floor (marked by the green arrow).



2. The Current Ascending Distribution Array
Low Resistance Liquidity: Price has established an upward-sloping support trendline stemming from the June 10th higher low. This trendline has guided a corrective, low-momentum rise. The chart highlights "LOW RESISTANCE LIQUIDITY" resting directly above the equal highs at $64,200 – $64,400.
1HR OB Ceiling: The current price action is grinding directly inside a significant, yellow 1HR OB (Order Block) range spanning between $63,600 and $64,200.
Current State: The live price is printing at 63,791 with 25 minutes and 11 seconds remaining on the hourly candle. It is hovering right near the top of this ascending wedge/trendline structure.



3. The Reversal & Downward Expansion Pathway
The black directional forecast arrows map out a classical Liquidity Engineering & Hunt sequence over the coming sessions:
The Minor Buying Trap: Price is projected to form a small, tight zig-zag consolidation right at the peak of the trendline to trap late breakout buyers who believe a macro bull run is continuing.
The Liquidity Sweep & Rejection: After a brief test of the upper range of the 1HR OB, institutional algorithms are expected to heavily reject the price downward, breaking clean through the ascending trendline support.
The Downside Targets: The aggressive downward expansion arrow points straight toward the untapped market inefficiencies below:
Immediate Target: The upper yellow FVG (Fair Value Gap) imbalance zone resting around the $62,400 handle.
Extended Target: A deeper macro 2HR FVG pocket waiting near the $61,600 support shelf.

Jun 18

Trade closed: target reached

Target Reached