Price is stalling above PDH after tapping a clear HVRA (Supply) zone. We’re seeing layered rejection with a Secondary Distribution Shelf forming beneath it a classic signature of trapped longs and passive seller absorption.
If structure fails to hold above the rejection zone, we expect a reversion through the inefficiency and potential rotation into the demand base.
Key Zones & Structure
HVRA (Supply): 6345–6355 – Liquidity exhaustion, failed breakout
Secondary Distribution Shelf: 6315–6325 – Trap zone, weak re-test
Mean Reversion Target: 6285–6295 – Execution gap, inefficient rotation
Absorption Zone (Demand): 6260–6275 – Institutional long buildup
Bearish Trade Idea
Entry: 6332 (within HVRA)
Stop: 6342 (above HVRA high)
TP1: 6300 – Break of shelf
TP2: 6288 – Fill inefficiency
TP3: 6270 – Rotation into demand
R:R: Approx. 1:2.8 / 1:4.2 depending on target
Staakd Outlook
Stacked rejection with no volume follow-through above PDH. Unless NY reclaims 6330+ with force, structure favoUrs reversion to inefficiency and absorption zone below.
Follow for post-session confirmation and Friday morning bias update.
Staakd Bias: Bearish Lean ★★★★☆
If structure fails to hold above the rejection zone, we expect a reversion through the inefficiency and potential rotation into the demand base.
Key Zones & Structure
HVRA (Supply): 6345–6355 – Liquidity exhaustion, failed breakout
Secondary Distribution Shelf: 6315–6325 – Trap zone, weak re-test
Mean Reversion Target: 6285–6295 – Execution gap, inefficient rotation
Absorption Zone (Demand): 6260–6275 – Institutional long buildup
Bearish Trade Idea
Entry: 6332 (within HVRA)
Stop: 6342 (above HVRA high)
TP1: 6300 – Break of shelf
TP2: 6288 – Fill inefficiency
TP3: 6270 – Rotation into demand
R:R: Approx. 1:2.8 / 1:4.2 depending on target
Staakd Outlook
Stacked rejection with no volume follow-through above PDH. Unless NY reclaims 6330+ with force, structure favoUrs reversion to inefficiency and absorption zone below.
Follow for post-session confirmation and Friday morning bias update.
Staakd Bias: Bearish Lean ★★★★☆
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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.