🎯 KEY PIVOT ZONE
SUPPLY ZONE: 46,380-46,440
➡️4 POC lines converge with prominent VRVP node forming major resistance
➡️Dense volume accumulation zone with multiple failed breakout attempts
➡️Price currently BELOW pivot - bearish structure intact
📊 PRICE TARGETS-
UPSIDE TARGETS ⬆️
T1: 46,380-46,440
T2: 46,540-46,600
DOWNSIDE TARGETS ⬇️
T1: 45,920-45,980
T2: 45,640-45,700
⚡💎⚡ EDGE - HIGHEST PROBABILITY PLAY
Short from 46,320-46,380 rejection targeting 45,920-45,980 then 45,640-45,700
🔍 PRE-ENTRY CONFIRMATION SIGNALS
✅ Price rallies to 46,340+ showing bearish reversal pattern (shooting star/bearish engulfing)
✅ Rejection wick forms at supply zone with failure to sustain above 46,360
✅ Volume surge on reversal candle confirming selling pressure activation
📈 TRADE SETUP
🔴PRIMARY BIAS: BEARISH
Short Setup:
Entry: 46,340-46,370 after confirmations
Stop Loss: 46,465
🎯Target 1: 45,920-45,980
🎯Target 2: 45,640-45,700
Risk/Reward: 1:3.8 / 1:6.5
🔄 BIAS FLIP CONDITIONS
🟢TURNS BULLISH IF:
Decisive break and 2H close above 46,450
Volume expansion exceeds 1.5x recent average on breakout
Successful retest of 46,400-46,420 as new support floor
⚡Then Target:
🎯46,540-46,600
🎯46,700-46,760
⚠️ RISK MANAGEMENT:
Max Risk: 110 points per contract
Position Size: Risk 1-2% of account capital
Time Stop: Only trade within NYSE's peak volume segments
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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.