Market Structure & Key Zones
Current Price: 3,124.24
Selling Zone: 3,143.07 - 3,148.98
Buying Zone: 3,077.10 - 3,083.68
Observations & Key Market Behavior:
Compression Pattern:
Price is forming a descending triangle/consolidation range, indicating a possible breakout soon.
Liquidity is building up on both sides.
Potential Trade Scenarios:
🔻 Bearish Scenario (Preferred)
If price moves into the 3,143 - 3,149 supply zone, watch for rejection.
Ideal Entry: A break of structure at this zone with a strong bearish reaction.
Target: 3,094.63, then 3,083.68 demand zone.
🔺 Bullish Scenario (Alternative)
If price moves into the 3,077 - 3,083 demand zone, expect a bounce.
Ideal Entry: Confirmation via bullish price action (engulfing candles, wicks, etc.).
Target: 3,143.07, possibly higher to 3,148.98 before a reversal.
Key Takeaways:
✔ Current Price Action is Ranging → Breakout needed for clarity.
✔ High-probability Sell Setup at Supply (3,143 - 3,149)
✔ High-probability Buy Setup at Demand (3,077 - 3,083)
🚀 Best Play: Wait for price to enter either zone before taking action! 🚀
Current Price: 3,124.24
Selling Zone: 3,143.07 - 3,148.98
Buying Zone: 3,077.10 - 3,083.68
Observations & Key Market Behavior:
Compression Pattern:
Price is forming a descending triangle/consolidation range, indicating a possible breakout soon.
Liquidity is building up on both sides.
Potential Trade Scenarios:
🔻 Bearish Scenario (Preferred)
If price moves into the 3,143 - 3,149 supply zone, watch for rejection.
Ideal Entry: A break of structure at this zone with a strong bearish reaction.
Target: 3,094.63, then 3,083.68 demand zone.
🔺 Bullish Scenario (Alternative)
If price moves into the 3,077 - 3,083 demand zone, expect a bounce.
Ideal Entry: Confirmation via bullish price action (engulfing candles, wicks, etc.).
Target: 3,143.07, possibly higher to 3,148.98 before a reversal.
Key Takeaways:
✔ Current Price Action is Ranging → Breakout needed for clarity.
✔ High-probability Sell Setup at Supply (3,143 - 3,149)
✔ High-probability Buy Setup at Demand (3,077 - 3,083)
🚀 Best Play: Wait for price to enter either zone before taking action! 🚀
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.