Hello traders!
If you look closely at the left side of the chart, you’ll notice multiple rejections from the same zone — forming a head-and-shoulders-style distribution. This area has now become a strong supply zone.
Key Observations:
Price respected the trendline and formed a base just beneath the supply zone.
We saw a base breakout followed by a liquidity grab, which likely cleared out early buyers.
Price is now heading back into the supply zone with imbalance, aligning with the trendline and previous rejection area.
📌 What to Expect:
This is a high-probability short setup. If price taps into the supply zone again, it could trigger a strong move down, especially with liquidity already swept.
🎯 Idea: Wait for confirmation around the supply zone and consider shorting with a target near the support level below.
If you look closely at the left side of the chart, you’ll notice multiple rejections from the same zone — forming a head-and-shoulders-style distribution. This area has now become a strong supply zone.
Key Observations:
Price respected the trendline and formed a base just beneath the supply zone.
We saw a base breakout followed by a liquidity grab, which likely cleared out early buyers.
Price is now heading back into the supply zone with imbalance, aligning with the trendline and previous rejection area.
📌 What to Expect:
This is a high-probability short setup. If price taps into the supply zone again, it could trigger a strong move down, especially with liquidity already swept.
🎯 Idea: Wait for confirmation around the supply zone and consider shorting with a target near the support level below.
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.