Sellers Missing, But Structure Is Alarming ⚠️
Weekly Overview:
Price is currently at a major resistance zone and formed a clear bearish pin bar last week, hinting potential downside pressure. This level has historically acted as a ceiling, so it's worth paying attention.
Daily Chart Insight:
Despite the bearish weekly signal, the daily timeframe hasn't confirmed seller presence yet. No strong bearish price action or momentum shift is visible at the moment.
4H Chart Setup:
Price is trading below the 50EMA, which is often the early sign of a possible trend change. However, we still haven’t seen solid selling pressure—no trendline break or bearish structure yet.
Plan:
🔹 Bias: Bearish
🔹 Entry: Wait for confirmation – look for 4H bearish structure break or trendline break below recent support.
🔹 Targets:
‣ First target: Near-term 4H support zone
‣ Second target: Daily support zone aligned with previous swing low
🔹 Invalidation: A clear break and close above last week's high will invalidate the setup.
📌 Patience is key – weekly shows intent, but daily and 4H need to confirm. No rush until sellers truly step in.
Weekly Overview:
Price is currently at a major resistance zone and formed a clear bearish pin bar last week, hinting potential downside pressure. This level has historically acted as a ceiling, so it's worth paying attention.
Daily Chart Insight:
Despite the bearish weekly signal, the daily timeframe hasn't confirmed seller presence yet. No strong bearish price action or momentum shift is visible at the moment.
4H Chart Setup:
Price is trading below the 50EMA, which is often the early sign of a possible trend change. However, we still haven’t seen solid selling pressure—no trendline break or bearish structure yet.
Plan:
🔹 Bias: Bearish
🔹 Entry: Wait for confirmation – look for 4H bearish structure break or trendline break below recent support.
🔹 Targets:
‣ First target: Near-term 4H support zone
‣ Second target: Daily support zone aligned with previous swing low
🔹 Invalidation: A clear break and close above last week's high will invalidate the setup.
📌 Patience is key – weekly shows intent, but daily and 4H need to confirm. No rush until sellers truly step in.
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.