Bearish Momentum:
1. A sharp move down (red arrow) is expected as price leaves the supply zone.
2. The confirmation of the bearish trend is seen in the breakdown of minor support levels.
Trend:
The current price action indicates a potential trend reversal from bullish to bearish.
Key Risk:
If the price breaks above the H1 supply zone, it invalidates the bearish setup and suggests further upside.
1. A sharp move down (red arrow) is expected as price leaves the supply zone.
2. The confirmation of the bearish trend is seen in the breakdown of minor support levels.
Trend:
The current price action indicates a potential trend reversal from bullish to bearish.
Key Risk:
If the price breaks above the H1 supply zone, it invalidates the bearish setup and suggests further upside.
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.