Price swept buyside liquidity at 198.034, completing the second leg of an extended M pattern. A strong bearish candle confirmed a break of structure beneath the key shift line, validating short intent.
Now watching for downside continuation toward 197.214 (TP level), with alerts set at 198.138 for any potential invalidation.
Thesis:
- Extended M structure completed after liquidity sweep
- Bearish shift confirmed with strong-bodied close
- Structure supports downside as long as price holds beneath 198.138
Execution rooted in structure, not assumption—letting bearish pressure unfold.
Trade closed: stop reached
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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.