What we’re seeing here is a potential fakeout setup within a value zone.
Notice the rounded top formation — looks bearish — but price refuses to break the low. This often sets the stage for a sharp reversal.
Structure Breakdown:
Volume profile shows acceptance in current range
Rounded top shape implies weakness — but no breakdown = trap potential
Price holds a higher low inside the range = absorption
Green box marks ideal long entry area — well-defined invalidation below
Bullish case:
We’re watching for that reclaim of the mid-level → quick push into the upper range
Target zone = 2,618 (clean inefficiency fill + local top)
Bearish trap scenario invalidated if price closes below red box (stop hunt level)
Strategy bias:
This is a compression-reversal trap — fake weakness to trap shorts, then launch.
Patience pays here — if it reclaims and consolidates at the mid, it’s time to ride.
📊 More setups like this, early in structure, are shared inside the account description. Tap in for the breakdowns.
Notice the rounded top formation — looks bearish — but price refuses to break the low. This often sets the stage for a sharp reversal.
Structure Breakdown:
Volume profile shows acceptance in current range
Rounded top shape implies weakness — but no breakdown = trap potential
Price holds a higher low inside the range = absorption
Green box marks ideal long entry area — well-defined invalidation below
Bullish case:
We’re watching for that reclaim of the mid-level → quick push into the upper range
Target zone = 2,618 (clean inefficiency fill + local top)
Bearish trap scenario invalidated if price closes below red box (stop hunt level)
Strategy bias:
This is a compression-reversal trap — fake weakness to trap shorts, then launch.
Patience pays here — if it reclaims and consolidates at the mid, it’s time to ride.
📊 More setups like this, early in structure, are shared inside the account description. Tap in for the breakdowns.
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.