Price has completed a corrective pullback into a well-defined supply zone, where it has now mitigated previous unfilled sell orders. We’re seeing early signs of bearish intent and anticipate a continuation to the downside as supply takes control.
💡 Key Notes:
• Trend is bearish unless price closes above the mitigated supply zone.
• If price returns to the supply zone without breaking lower, it may become a distribution range.
• Patience and confirmation are critical — no need to rush entry without market structure break.
Let me know your thoughts
💡 Key Notes:
• Trend is bearish unless price closes above the mitigated supply zone.
• If price returns to the supply zone without breaking lower, it may become a distribution range.
• Patience and confirmation are critical — no need to rush entry without market structure break.
Let me know your thoughts
Trade closed: target reached
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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.