✅ Market Structure Summary:
The market entered a distribution phase, clearly forming equal highs and a head & shoulders–like pattern.
After breaking out of the descending wedge, price surged upward to tap the upper supply zone (gray), sweeping liquidity before dropping sharply.
We now see price reacting to a mid-demand zone, with another deeper demand zone resting below.
📍 Key Technical Zones:
🔹 Upper Gray Supply Zone:
This zone was tapped after liquidity was grabbed from the equal highs.
Strong bearish rejection with impulse candles confirms it as a valid shorting zone.
It remains active and could act as a trap if retested without proper bullish structure.
🔹 Mid-Demand Zone (current reaction point):
Price is currently reacting from this area.
Initial bullish reaction is visible, but the reaction isn't strong enough yet to confirm reversal.
Weak buyer pressure (wicky candles) suggests vulnerability.
🔹 Lower Demand Zone (main target if breakdown occurs):
If the current zone fails, price will likely drop toward this deeper demand block, which hasn't been mitigated yet.
This area could offer a more solid foundation for a bullish reversal.
🔮 Forecast Scenarios:
📉 Primary Bearish Scenario:
If price fails to create higher highs from the current mid-demand zone:
Expect a continuation down toward the lower gray demand zone.
If that breaks, price could target the green higher-timeframe demand around 1.37200.
📈 Alternative Bullish Scenario:
If price builds structure and forms a higher high from this zone:
A short-term rally back toward the upper supply zone is possible.
However, without a strong breakout, that area still holds risk for another sell-off.
The market entered a distribution phase, clearly forming equal highs and a head & shoulders–like pattern.
After breaking out of the descending wedge, price surged upward to tap the upper supply zone (gray), sweeping liquidity before dropping sharply.
We now see price reacting to a mid-demand zone, with another deeper demand zone resting below.
📍 Key Technical Zones:
🔹 Upper Gray Supply Zone:
This zone was tapped after liquidity was grabbed from the equal highs.
Strong bearish rejection with impulse candles confirms it as a valid shorting zone.
It remains active and could act as a trap if retested without proper bullish structure.
🔹 Mid-Demand Zone (current reaction point):
Price is currently reacting from this area.
Initial bullish reaction is visible, but the reaction isn't strong enough yet to confirm reversal.
Weak buyer pressure (wicky candles) suggests vulnerability.
🔹 Lower Demand Zone (main target if breakdown occurs):
If the current zone fails, price will likely drop toward this deeper demand block, which hasn't been mitigated yet.
This area could offer a more solid foundation for a bullish reversal.
🔮 Forecast Scenarios:
📉 Primary Bearish Scenario:
If price fails to create higher highs from the current mid-demand zone:
Expect a continuation down toward the lower gray demand zone.
If that breaks, price could target the green higher-timeframe demand around 1.37200.
📈 Alternative Bullish Scenario:
If price builds structure and forms a higher high from this zone:
A short-term rally back toward the upper supply zone is possible.
However, without a strong breakout, that area still holds risk for another sell-off.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.