Higher Timeframe Bias:
Ascend Sequence remains valid on the Monthly, Weekly, and Daily structures, with the current Descend Sequence viewed as a pullback phase within broader bullish flow.
Structural Insight:
Despite recent sell-side pressure, price failed to break the Range Low during last week’s trading — suggesting possible defense of bullish territory.
Key Zones to Watch:
Focus remains on the Range Origin Zone. If respected, it may trigger a cautious rally toward the LRP or even the OCZ above.
A clean violation of the Range Origin would open downside toward 1.33704 (Range Low). A breach of this level could signal a Sequence Switch, confirming shift to Sell-Side Bias Environment (SBE) and initiating deeper exploration into the Monthly PIZ.
Execution Outlook:
If Range Origin holds: Lean toward tactical long setups with tight validation structure.
If broken: Bias shifts aggressively bearish — looking to short rallies in line with new descending flow.
Summary:
Still favoring HTF bullish structure unless Range Origin fails. Below that, sell-side becomes dominant, and rallies become shorting opportunities.
Ascend Sequence remains valid on the Monthly, Weekly, and Daily structures, with the current Descend Sequence viewed as a pullback phase within broader bullish flow.
Structural Insight:
Despite recent sell-side pressure, price failed to break the Range Low during last week’s trading — suggesting possible defense of bullish territory.
Key Zones to Watch:
Focus remains on the Range Origin Zone. If respected, it may trigger a cautious rally toward the LRP or even the OCZ above.
A clean violation of the Range Origin would open downside toward 1.33704 (Range Low). A breach of this level could signal a Sequence Switch, confirming shift to Sell-Side Bias Environment (SBE) and initiating deeper exploration into the Monthly PIZ.
Execution Outlook:
If Range Origin holds: Lean toward tactical long setups with tight validation structure.
If broken: Bias shifts aggressively bearish — looking to short rallies in line with new descending flow.
Summary:
Still favoring HTF bullish structure unless Range Origin fails. Below that, sell-side becomes dominant, and rallies become shorting opportunities.
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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.
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.