Price is trading inside a clean descending channel.
Below current price sits untouched inducement — a liquidity pool that lines up perfectly with the origin demand zone where the previous impulsive rally started.
If price sweeps that inducement and taps the demand zone, I’ll look for confirmation (MSS + FVG/OB) for a potential move back toward the channel midline or upper boundary.
Bias: Bullish upon sweep + tap
Invalidation: Clean break below demand
Confluence: Channel low + origin demand + resting liquidity
Not financial advice.
Below current price sits untouched inducement — a liquidity pool that lines up perfectly with the origin demand zone where the previous impulsive rally started.
If price sweeps that inducement and taps the demand zone, I’ll look for confirmation (MSS + FVG/OB) for a potential move back toward the channel midline or upper boundary.
Bias: Bullish upon sweep + tap
Invalidation: Clean break below demand
Confluence: Channel low + origin demand + resting liquidity
Not financial advice.
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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.