6H Technical Outlook ๐ง ๐
Hidden Institutional Supply Zone in Play โ Potential Short Opportunity Developing
INSTITUTIONAL SUPPLY ZONE โ 6H
CHART CONTEXT
Price action (PA) has tapped directly into the defined Institutional Supply Zone, showing hesitation to close above 0.64086, the Distal Resistance Lineโa red flag for bulls, green light for institutional bears.
SELL SETUP: HIGH-PROBABILITY IF 0.64086 HOLDS ๐งจ
DOWNSIDE TARGETS (IF SHORT TRIGGERS) ๐ฏ
UPSIDE INVALIDATION LEVEL ๐
SUMMARY ๐
If 0.64086 holds firm and PA fails to close above this institutional supply zone, we anticipate high probability of a sell-off from current levels. This aligns with the broader downtrend structure and stacked sell-side liquidity
๐ก Alert Setup:
Hidden Institutional Supply Zone in Play โ Potential Short Opportunity Developing
INSTITUTIONAL SUPPLY ZONE โ 6H
- ๐ด Resistance (Distal): 0.64086
- ๐ง Resistance (Major): 0.63971
- ๐ Resistance (Proximal): 0.63914
CHART CONTEXT
Price action (PA) has tapped directly into the defined Institutional Supply Zone, showing hesitation to close above 0.64086, the Distal Resistance Lineโa red flag for bulls, green light for institutional bears.
SELL SETUP: HIGH-PROBABILITY IF 0.64086 HOLDS ๐งจ
- Current PA is stalling beneath supply zone boundaries.
- 0.64086 is acting as the final line of defense; if unbroken on a closing basis, we maintain strong bearish bias.
- Stacked SELL ORDERS from 0.63842 to 0.63347.
DOWNSIDE TARGETS (IF SHORT TRIGGERS) ๐ฏ
- TP 1 โ 0.62405
- TP 2 โ 0.61613 (Mid Pivot)
- TP 3 โ 0.61030
- TP 4 โ 0.60129
UPSIDE INVALIDATION LEVEL ๐
- Stoploss above 0.64086 โ strong close above this level invalidates short scenario.
SUMMARY ๐
If 0.64086 holds firm and PA fails to close above this institutional supply zone, we anticipate high probability of a sell-off from current levels. This aligns with the broader downtrend structure and stacked sell-side liquidity
๐ก Alert Setup:
- SL: 0.64086
- SELL LIMIT 1: 0.63842
- SELL LIMIT 2: 0.63347
- TP: 0.62405 โ 0.60129
Professor C. E. Ward
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.
Professor C. E. Ward
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.