KKR Short1. Market Structure Context
Trend Prior to CHoCH: Bullish structure with higher highs and higher lows.
CHoCH (Change of Character): Occurred at $136.83 — a key higher low broke, indicating a possible trend reversal from bullish to bearish.
BOS (Break of Structure): Confirmed at $153.85, marking a shift to lower highs and supporting bearish continuation.
2. Key Supply & Demand Zones
🟥 Supply Zone (Resistance):
$153.05 – $153.85
Price previously distributed here before dropping.
Acts as a liquidity trap for late buyers and resistance for pullbacks.
🟩 Demand Zones (Support):
Zone 1: $147.00 – $148.00 → Minor demand; short-term reaction likely.
Zone 2: $144.50 – $146.00 → Historical pivot with volume; moderate demand.
Zone 3: $138.00 – $142.00 → Consolidation base; strong prior bullish impulse.
Zone 4: $134.00 – $137.00 → Final defense; includes the CHoCH at $136.83 and expected reaction if deeper retracement occurs.
3. Current Price Action (Bordered Region Focus)
Price currently trades around $151.06, beneath the key supply zone.
The market rejected supply and showed a bearish reaction.
Expectation: A pullback to ~$153 may occur, targeting trapped liquidity, before resuming bearish movement.
Next targets:
Primary: $147.50 (Demand Zone 1)
Secondary: $144.50 if breakdown intensifies.
