Multi-Timeframe Structural Outlook:
Higher Timeframes (M,W,D): In Ascend Sequence sweeping major liquidity levels
4H Structural & Liquidity Picture:
Trend Signature Shift (TSS):
A clean TSS followed the Sweep Event, shifting internal structure bearish and signaling short-term vulnerability.
Trap Vectors & Liquidity Mechanics:
Price engineered multiple Trap Vectors (TV), both pre- and post-rejection. Further anticipated TV zones exist just above and below current price level at 1.37138 and 1.35630 respectively aligning with Fibonacci retracement confluence.
Key Support Zone:
Price Base between 1.35796 – 1.36200 remains pivotal. Sustained hold here suggests possible short-term recovery; decisive break below exposes deeper liquidity pools toward the lower fib levels and potentially the Range Low (RL) at 1.33704.
Decision Zones:
- Upside Consideration:
Recovery above 1.36200 with structural confirmation may reclaim bullish intent, though a retest/ break of the RH at 1.37888 remains the higher timeframe liquidity magnet.
- Downside Consideration:
Breakdown below the Price Base accelerates sell-side targets toward the anticipated TV zones and deeper fib levels, with full invalidation exposing the RL.
Summary:
Bearish short-term lean favored following the TSS, but Price Base support remains a critical decision point. Break below confirms deeper sell-side exploration; sustained defense reopens bullish continuation/corrective potential.
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.