Plan:
Watching for a sweep into the blue H4 Untapped Demand zone, then a reclaim of 41.237 (green line) to add longs.
Ideal target: new ATH and 55 extension.
If the blue zone fails or we can't reclaim 41.237, risk-off mode: equal lows at 30.6 could be the draw.
Reasoning:
A sweep into demand would reset local liquidity and trap late shorts.
Reclaiming 41.237 confirms a shift in momentum and invalidates the breakdown.
Structure is bullish above 41.237; below, risk increases for deeper downside.
Watching for a sweep into the blue H4 Untapped Demand zone, then a reclaim of 41.237 (green line) to add longs.
Ideal target: new ATH and 55 extension.
If the blue zone fails or we can't reclaim 41.237, risk-off mode: equal lows at 30.6 could be the draw.
Reasoning:
A sweep into demand would reset local liquidity and trap late shorts.
Reclaiming 41.237 confirms a shift in momentum and invalidates the breakdown.
Structure is bullish above 41.237; below, risk increases for deeper downside.
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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.
Related publications
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.