Structure remains bearish with a clear lower high formed after a deep retracement to the 0.786 Fibonacci level, aligned with prior liquidity and premium zone.
🧠 Analysis Highlights:
Market structure: Bearish, with BOS to the downside.
Price retraced to the 0.786 Fibonacci level (~82,400), signaling a potential exhaustion of buyers.
Internal structure shifted bearish after breaking the corrective trendline.
Entry idea is based on confirmation below the trendline with a clean R:R setup.
🔻 Trade Plan:
Entry: Below 82,200 (confirmation after structure shift)
Stop Loss: Above 83,380 (invalidates the short idea)
Target: 79,770 (aligned with previous low and 0% Fib)
⏰ Confluences:
0.786 Fib + Previous Supply
NY Killzone active – watching for volume + manipulation
Internal BOS + Trendline Break
Clean liquidity resting below 81,500 and 80,600
⚠️ Potential Risks:
Possible liquidity sweep above 82,600 before final drop.
Strong short-term support at 81,250 may cause temporary bounce.
Confirm entry during high-volume session (preferably NY open).
✅ Bias: Bearish
Let the market confirm the shift – don’t rush in without a proper entry model (like M5 CHoCH or engulfing after mitigation).
📌 Reminder: This is not financial advice – just a structural and fib-based idea within a bearish context.
🧠 Analysis Highlights:
Market structure: Bearish, with BOS to the downside.
Price retraced to the 0.786 Fibonacci level (~82,400), signaling a potential exhaustion of buyers.
Internal structure shifted bearish after breaking the corrective trendline.
Entry idea is based on confirmation below the trendline with a clean R:R setup.
🔻 Trade Plan:
Entry: Below 82,200 (confirmation after structure shift)
Stop Loss: Above 83,380 (invalidates the short idea)
Target: 79,770 (aligned with previous low and 0% Fib)
⏰ Confluences:
0.786 Fib + Previous Supply
NY Killzone active – watching for volume + manipulation
Internal BOS + Trendline Break
Clean liquidity resting below 81,500 and 80,600
⚠️ Potential Risks:
Possible liquidity sweep above 82,600 before final drop.
Strong short-term support at 81,250 may cause temporary bounce.
Confirm entry during high-volume session (preferably NY open).
✅ Bias: Bearish
Let the market confirm the shift – don’t rush in without a proper entry model (like M5 CHoCH or engulfing after mitigation).
📌 Reminder: This is not financial advice – just a structural and fib-based idea within a bearish context.
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.