The market structure suggests further downside, with no bullish trigger in sight yet.
Setup:
🔻 Primary Target: $130–140 zone
This area aligns with the weekly breaker, a key HTF support level for potential bounce. Until then — no reason to long.
🟥 Rejection Zone: $156–160
Monthly open + FVGs. Strong rejection confirms bear control.
🟩 Major Support: $122–123
If breakdown continues, this is the final HTF defense.
Plan:
• Expect continued bleed or spike into breaker at $130–140
• Swing short play from rejection, monitoring PA into breaker for reaction
📌 Let the flush play out. Best setups come at higher timeframe supports — not mid-trend.
Setup:
🔻 Primary Target: $130–140 zone
This area aligns with the weekly breaker, a key HTF support level for potential bounce. Until then — no reason to long.
🟥 Rejection Zone: $156–160
Monthly open + FVGs. Strong rejection confirms bear control.
🟩 Major Support: $122–123
If breakdown continues, this is the final HTF defense.
Plan:
• Expect continued bleed or spike into breaker at $130–140
• Swing short play from rejection, monitoring PA into breaker for reaction
📌 Let the flush play out. Best setups come at higher timeframe supports — not mid-trend.
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.
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.