its just sample sizeThe high at 4 a.m swept all the weekend bad highs (higher than the rest)
on CME theres only 1 candle (to rule them all) and a gap down of ETH (electronic trading hours)
in my experience gaps that form on weekends and gap on ETH get filled even more likely than the ones who are formed on ETH and shown on RTH (regular trading hours)
i like that this high is higher than the range and is back in the previous range it aligns with liquidity concepts.
also, on this range we can observe that the RSI is going down slightly while price remains the same. that indicates a momentoum slowdown and CVD is making higher highs while price stays in the same range which indicates aggressive buyers are actually not making a lot of progress.
I have a short now because i like this structure and my odds.
we can easily have one last sweep of liquidity twards 106 but for now im enjoying my short probabilities.
my first target is 98k where i will attempt a long if the data looks good (hidden bullish divergence, structure, swing fail pattern etc)
the long and short are there to hedge themselves.
if 97 is broken, tho.. we will break the trendline.
bearish retest of this trendline will cascade us into the stoploss domino pieces falling.. i will not stand in the way of this cheos and wait like a good boy around 82k 74k and 69k all while my short is still active.
im bullish for 2025.
