NASDAQ 100 E-mini Futures, 4H timeframe), here's a detailed breakdown of the analysis tools and patterns used:
Tools Used:
1. Supply Zone:* 20,400–20,600 (strong selling pressure expected).
2. Fair Value Gap (FVG):* 19,600–19,800 (price imbalance likely to be filled).
3. Order Block (OB):* 18,400 (institutional entry area).
4. Demand Zone:* 17,400–17,800 (strong buying interest expected).
5. Break of Structure (BOS):* Trend change signals.
6. Change of Character (CHOCH):* Indicates minor trend shifts.
Patterns/Concepts:
1. Triple Top (Distribution):* Bearish reversal signal.
2. Bearish Projection Path:* Likely retrace, order block interaction, drop to demand zone.
3. Liquidity Sweep:* Price hunts liquidity above the previous high before dropping.
4. Price Imbalance Concept:* Price often retraces to fill the FVG.
Summary:
This chart uses Smart Money Concepts (SMC), predicting a short-term drop, followed by retracement and deeper bearish continuation.
Would you like to dive deeper into how to trade this setup?
Drop your thoughts in comment section.
Tools Used:
1. Supply Zone:* 20,400–20,600 (strong selling pressure expected).
2. Fair Value Gap (FVG):* 19,600–19,800 (price imbalance likely to be filled).
3. Order Block (OB):* 18,400 (institutional entry area).
4. Demand Zone:* 17,400–17,800 (strong buying interest expected).
5. Break of Structure (BOS):* Trend change signals.
6. Change of Character (CHOCH):* Indicates minor trend shifts.
Patterns/Concepts:
1. Triple Top (Distribution):* Bearish reversal signal.
2. Bearish Projection Path:* Likely retrace, order block interaction, drop to demand zone.
3. Liquidity Sweep:* Price hunts liquidity above the previous high before dropping.
4. Price Imbalance Concept:* Price often retraces to fill the FVG.
Summary:
This chart uses Smart Money Concepts (SMC), predicting a short-term drop, followed by retracement and deeper bearish continuation.
Would you like to dive deeper into how to trade this setup?
Drop your thoughts in comment section.
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.