Sweep of liquidity above recent highs (SSL).
Return to a supply zone (gray box).
Fibonacci confluence around 0.618 level.
Expectation: Price will reject the zone and target previous low around 0.60298.
Bearish Confirmation Signals to Watch:
Rejection candles (wicks) at the red zone.
Bearish engulfing patterns or strong bearish candles.
Momentum divergence (e.g., RSI showing lower highs while price makes higher highs).
Volume drop after the sweep.
Return to a supply zone (gray box).
Fibonacci confluence around 0.618 level.
Expectation: Price will reject the zone and target previous low around 0.60298.
Bearish Confirmation Signals to Watch:
Rejection candles (wicks) at the red zone.
Bearish engulfing patterns or strong bearish candles.
Momentum divergence (e.g., RSI showing lower highs while price makes higher highs).
Volume drop after the sweep.
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.
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.