Price has been in an overall bullish structure, forming higher highs and higher lows.
Price tapped into a premium zone, showing signs of exhaustion.
After the liquidity run, we saw a rejection from the top, followed by a shift in structure.
A bearish FVG has formed, and price has now retraced back into it, offering a potential sell opportunity.
As long as price holds below the high and inside the premium FVG zone, bearish bias is valid. Any break above the recent high would invalidate this setup.
Price tapped into a premium zone, showing signs of exhaustion.
After the liquidity run, we saw a rejection from the top, followed by a shift in structure.
A bearish FVG has formed, and price has now retraced back into it, offering a potential sell opportunity.
As long as price holds below the high and inside the premium FVG zone, bearish bias is valid. Any break above the recent high would invalidate this setup.
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iSmashProfit
Related publications
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.