tug-of-war between key liquidity zones
• Liquidity Magnets:
• Upside: Identified Draw on Liquidity (DOL) at higher levels (e.g., 111,968.0 (4H), 111,340.3 (30m)) and an "Ongoing" BSL 4H at 110,0996.3 present resistance and potential targets for bullish moves.
• Downside: Prominent DOLs (e.g., 105,252.6 (2H), 103,463.9 (30m)) and a critical SSL zone between 100,500.0 - 100,000.0 (4H, 2H, 1H) act as significant downside targets.
Bias Assessment:
• Bearish Bias: 65%
• The immediate price action suggests a likely "Draw on Liquidity" towards the substantial Sellside Liquidity (SSL) zone around $100,000, consistent with recent minor bearish momentum.
• Bullish Bias: 35%
• The bullish case hinges on a potential strong reversal from the confluence of the $100,000 SSL and the powerful Bullish Order Block, which could then target the overhead Buyside Liquidity.
• Liquidity Magnets:
• Upside: Identified Draw on Liquidity (DOL) at higher levels (e.g., 111,968.0 (4H), 111,340.3 (30m)) and an "Ongoing" BSL 4H at 110,0996.3 present resistance and potential targets for bullish moves.
• Downside: Prominent DOLs (e.g., 105,252.6 (2H), 103,463.9 (30m)) and a critical SSL zone between 100,500.0 - 100,000.0 (4H, 2H, 1H) act as significant downside targets.
Bias Assessment:
• Bearish Bias: 65%
• The immediate price action suggests a likely "Draw on Liquidity" towards the substantial Sellside Liquidity (SSL) zone around $100,000, consistent with recent minor bearish momentum.
• Bullish Bias: 35%
• The bullish case hinges on a potential strong reversal from the confluence of the $100,000 SSL and the powerful Bullish Order Block, which could then target the overhead Buyside Liquidity.
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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.