Key Levels to Watch:
DR High: 109,205
DR Low: 58,996
Weekly Gap: 65,332, aligning with the 0.886 Fib Discount Level
Devil’s Mark: Sitting near the 0.618 Fib retracement
Analysis:
Liquidity rests below the Devil’s Mark, meaning price could still target this area before any significant reversal.
The weekly gap at 65,332 is a major area of confluence, lining up with 0.886 Fib—a strong support zone.
If the current level fails to hold, the market may seek deep liquidity around 65K–58K before any bounce.
Bearish Scenario:
Loss of 0.618 Fib (78K) could trigger further downside sweeps.
Worst case: Breakdown into the weekly gap & DR low area.
Bullish Scenario:
Holding above Devil’s Mark with a strong reaction could indicate a reversal.
Reclaiming 85K–90K range would shift bias back to bullish.
Game Plan: Stay vigilant for a liquidity grab before positioning. If price drops into 65K–58K with a reaction, that could be the buy zone.
Lord Medz
DR High: 109,205
DR Low: 58,996
Weekly Gap: 65,332, aligning with the 0.886 Fib Discount Level
Devil’s Mark: Sitting near the 0.618 Fib retracement
Analysis:
Liquidity rests below the Devil’s Mark, meaning price could still target this area before any significant reversal.
The weekly gap at 65,332 is a major area of confluence, lining up with 0.886 Fib—a strong support zone.
If the current level fails to hold, the market may seek deep liquidity around 65K–58K before any bounce.
Bearish Scenario:
Loss of 0.618 Fib (78K) could trigger further downside sweeps.
Worst case: Breakdown into the weekly gap & DR low area.
Bullish Scenario:
Holding above Devil’s Mark with a strong reaction could indicate a reversal.
Reclaiming 85K–90K range would shift bias back to bullish.
Game Plan: Stay vigilant for a liquidity grab before positioning. If price drops into 65K–58K with a reaction, that could be the buy zone.
Lord Medz
Lord MEDZ
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.
Lord MEDZ
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.