### *1. Chart Patterns & Trend Analysis*:
- *Descending Channel*: A bearish trend is formed by lower highs and lower lows, highlighted with red trend lines.
- *Break of Structure (BOS)*: Indicates a bearish continuation after price breaks a previous low.
### *2. Institutional Concepts*:
- *Fair Value Gap (FVG)*: A price imbalance where price might retrace before continuing its move.
- *Order Block (OB)*: A key supply zone where institutional traders may have placed orders.
- *Entry, Stop Loss (SL), and Take Profit (TP)*: Clearly marked for trade execution.
### *3. Price Action & Liquidity Analysis*:
- *Liquidity Sweeps*: The trendline structure suggests that liquidity above previous highs has been taken before price moves lower.
- *Mitigation of OB*: The price briefly retraces into an order block before dropping further.
This setup follows a *bearish price action strategy*, where price is expected to continue downward after breaking out of the trendline and BOS confirmation. Let me know if you want a detailed explanation of any specific part!
- *Descending Channel*: A bearish trend is formed by lower highs and lower lows, highlighted with red trend lines.
- *Break of Structure (BOS)*: Indicates a bearish continuation after price breaks a previous low.
### *2. Institutional Concepts*:
- *Fair Value Gap (FVG)*: A price imbalance where price might retrace before continuing its move.
- *Order Block (OB)*: A key supply zone where institutional traders may have placed orders.
- *Entry, Stop Loss (SL), and Take Profit (TP)*: Clearly marked for trade execution.
### *3. Price Action & Liquidity Analysis*:
- *Liquidity Sweeps*: The trendline structure suggests that liquidity above previous highs has been taken before price moves lower.
- *Mitigation of OB*: The price briefly retraces into an order block before dropping further.
This setup follows a *bearish price action strategy*, where price is expected to continue downward after breaking out of the trendline and BOS confirmation. Let me know if you want a detailed explanation of any specific part!
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.