Timeframe: 15-Minute (M15)
📉 Current Price: Around 3,173.805 USD
📌 Key Zones & Structure on the Chart:
1. Order Block (OB)
Located at the top (around 3,253 – 3,231).
This is a strong supply zone that triggered a sharp sell-off.
Price previously grabbed liquidity before sharply rejecting from this zone.
2. Sell-Side Liquidity (SSL) & Buy-Side Liquidity (BSL)
SSL: Taken out → strong indication that smart money is pushing price lower.
BSL: Also taken before the drop → confirming a false breakout and reversal to the downside.
3. Breaker + Base Area
Breaker block has been tested but failed to push price higher.
This confirms the area has flipped from support to resistance (bearish flip zone).
4. Bearish Target
Projected drop toward the next demand zone around 3,150 – 3,145 (lower gray box).
Marked by the arrow pointing down, indicating potential bearish continuation.
📊 Price Structure:
Trend: Bearish (Lower Highs – Lower Lows forming)
Strong rejection from breaker area → confirms bearish bias.
Current price is performing a minor pullback and is expected to continue dropping toward the demand zone.
✅ Summary of Analysis:
Bias: Bearish
Potential Entry: After a pullback into supply or breaker area (3,180 – 3,191)
Target: 3,150 – 3,145 (major demand zone)
Additional Confirmation: Watch for price rejection during pullback + rising volume during support break.
📉 Current Price: Around 3,173.805 USD
📌 Key Zones & Structure on the Chart:
1. Order Block (OB)
Located at the top (around 3,253 – 3,231).
This is a strong supply zone that triggered a sharp sell-off.
Price previously grabbed liquidity before sharply rejecting from this zone.
2. Sell-Side Liquidity (SSL) & Buy-Side Liquidity (BSL)
SSL: Taken out → strong indication that smart money is pushing price lower.
BSL: Also taken before the drop → confirming a false breakout and reversal to the downside.
3. Breaker + Base Area
Breaker block has been tested but failed to push price higher.
This confirms the area has flipped from support to resistance (bearish flip zone).
4. Bearish Target
Projected drop toward the next demand zone around 3,150 – 3,145 (lower gray box).
Marked by the arrow pointing down, indicating potential bearish continuation.
📊 Price Structure:
Trend: Bearish (Lower Highs – Lower Lows forming)
Strong rejection from breaker area → confirms bearish bias.
Current price is performing a minor pullback and is expected to continue dropping toward the demand zone.
✅ Summary of Analysis:
Bias: Bearish
Potential Entry: After a pullback into supply or breaker area (3,180 – 3,191)
Target: 3,150 – 3,145 (major demand zone)
Additional Confirmation: Watch for price rejection during pullback + rising volume during support break.
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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.
Related publications
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.