The chart says it all.
Price has been sliding since 14 Aug, and we’re now sitting in a potential reversal zone. Order Flow shows a cluster of longs who opened shorts right at the bottom — this positioning could juice the first leg up as they get squeezed to the bone.
Chances are we’ll sweep the marked weak high around 4.360, fill the imbalance between ~3.400 – 3.600, and then roll back down. That move would also complete the harmonic setup in play.
RSI is signaling a weak final push down — sellers are clearly running out of steam. Still, no clear CVD divergence showing just yet.
Trade with care.
Current price action aligns with key confluences, making this a level worth watching closely.
Price has been sliding since 14 Aug, and we’re now sitting in a potential reversal zone. Order Flow shows a cluster of longs who opened shorts right at the bottom — this positioning could juice the first leg up as they get squeezed to the bone.
Chances are we’ll sweep the marked weak high around 4.360, fill the imbalance between ~3.400 – 3.600, and then roll back down. That move would also complete the harmonic setup in play.
RSI is signaling a weak final push down — sellers are clearly running out of steam. Still, no clear CVD divergence showing just yet.
Trade with care.
Current price action aligns with key confluences, making this a level worth watching closely.
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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.