Watching For Consolidation, Correction or Continuation

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Weekly:
Price took out old swing low after a lower low was printed — confirming bearish intent.

However, price is now inside a new HTF support zone.

MACD remains bearish, signaling potential continuation lower, but watch for possible slowdown or divergence signs in this zone.

Daily:
Structure is firmly bearish — lower low confirmed.

MACD bearish and showing momentum strength — favors continuation lower unless lower timeframes suggest a deeper correction.

4H:
Bearish convergence confirmed — price action aligns with HTF bearish bias.

However, current price action is corrective/bullish — likely a pullback within a bearish trend.

MACD still bearish but weakening — signals caution for late shorts, or potential for deeper retracement.

1H:
Monday's failure to make a new low overnight hinted early market structure shift — bullish correction in play.

MACD turned bullish into Friday's POC, and price rallied into 4H bearish imbalance above it.

Currently:

1H hidden bearish convergence developing — early sign correction may exhaust.

MACD weakening — signals reduced bullish momentum.

Key overnight scenarios:

Consolidation near current highs (distribution?)

Continuation of bullish correction into deeper supply

Bearish continuation if sellers step in aggressively from imbalance zone

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