Key levels for high probability setups
We see price take out all sellside liquidity from a HTF. This signifies that price is willing to go lower to finally pullback from a weekly perspective.
Intraday buys to sell are still a good option, however because there is a clear market structure shift on the daily based on candle closures, we can possibly expect a mitigation of higher prices to 2382.61 before going lower.
Also taking into consideration that buys are a higher possibility following bullish pressure on the weekly, we may very well break the highs since all sellside liquidity has been purged.
Intraday buys to sell are still a good option, however because there is a clear market structure shift on the daily based on candle closures, we can possibly expect a mitigation of higher prices to 2382.61 before going lower.
Also taking into consideration that buys are a higher possibility following bullish pressure on the weekly, we may very well break the highs since all sellside liquidity has been purged.
Comment:
Best scenario is for price to mitigate buyside key level of around 2382.61, melt to 2279.68 and continue its bullish pressure higher