On the 4H timeframe, price is currently ranging between 3432.835 and 3274.175.
After tapping into the Rejection Block (RB) around 3274.175, price broke market structure (BMS) and left behind a daily Breaker Block (D/BB), which was later mitigated.
Yesterday, price reached the 4H Breaker Block near 3332.285, where a reaction occurred but without follow-through to confirm a directional shift.
From a structural perspective, if the market continues respecting the current price action flow, we could see further movement towards the daily Breaker Block for potential mitigation.
This is an educational market structure breakdown for chart study purposes only, not financial advice.
📌For more structured price action breakdowns and chart studies, check out my other analyses under ARX Price & Time here on TradingView or on our other educational platforms.
After tapping into the Rejection Block (RB) around 3274.175, price broke market structure (BMS) and left behind a daily Breaker Block (D/BB), which was later mitigated.
Yesterday, price reached the 4H Breaker Block near 3332.285, where a reaction occurred but without follow-through to confirm a directional shift.
From a structural perspective, if the market continues respecting the current price action flow, we could see further movement towards the daily Breaker Block for potential mitigation.
This is an educational market structure breakdown for chart study purposes only, not financial advice.
📌For more structured price action breakdowns and chart studies, check out my other analyses under ARX Price & Time here on TradingView or on our other educational platforms.
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.