🕰 Weekly
Sitting right on top of that weekly demand (22,700–23,200). Buyers are trying to defend, but if this floor gives way, we’re diving deeper. BOS is still intact from the upside, but momentum looks tired.
📉 Daily
Heavy drop straight into demand. Now the real question → do we bounce back into 23,700–24,000 supply for a cheeky rejection… or do we crack lower straight away? 👀
⏱ 8H
Clean ChoCH to the downside. Market tapped demand, so a little relief rally is on the cards. But watch that supply zone — sellers waiting up there with bags packed.
🎯 Outlook
Short-term → bounce into supply ✅
Mid-term → bearish pressure still in control 🔻
Lose 22,700 and we could easily hunt liquidity towards 22,000–22,300.
Bias: Short-term pullback → Mid-term bearish
Sitting right on top of that weekly demand (22,700–23,200). Buyers are trying to defend, but if this floor gives way, we’re diving deeper. BOS is still intact from the upside, but momentum looks tired.
📉 Daily
Heavy drop straight into demand. Now the real question → do we bounce back into 23,700–24,000 supply for a cheeky rejection… or do we crack lower straight away? 👀
⏱ 8H
Clean ChoCH to the downside. Market tapped demand, so a little relief rally is on the cards. But watch that supply zone — sellers waiting up there with bags packed.
🎯 Outlook
Short-term → bounce into supply ✅
Mid-term → bearish pressure still in control 🔻
Lose 22,700 and we could easily hunt liquidity towards 22,000–22,300.
Bias: Short-term pullback → Mid-term bearish
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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.
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.