On the 2H timeframe, price is respecting both SMC supply zones and Elliott Wave corrective structure.
🔹 Elliott Wave Structure:
We are currently unfolding in a Corrective A–B–C pattern.
Wave A completed with strong downside impulse.
Wave B retraced into supply zone but failed to break structure.
Now, wave C is developing, with expectation of further downside toward the 1.1650–1.1620 demand zone.
🔹 SMC Structure:
Price tapped into the sellers’ supply zone (1.1760–1.1780), aligning with previous order block and descending channel trendline.
Market structure remains bearish with lower highs & lower lows.
Liquidity below 1.1700 is the next target for smart money.
📉 Bias:
Looking for a rejection from the seller zone → continuation into the blue demand area marked as Wave C completion.
✅ Confluence:
Elliott Wave C-leg projection
Bearish order flow (SMC)
Supply zone rejection
Channel continuation
⚠️ Invalidation:
Bullish break and close above 1.1800 would invalidate this bearish scenario.
🔹 Elliott Wave Structure:
We are currently unfolding in a Corrective A–B–C pattern.
Wave A completed with strong downside impulse.
Wave B retraced into supply zone but failed to break structure.
Now, wave C is developing, with expectation of further downside toward the 1.1650–1.1620 demand zone.
🔹 SMC Structure:
Price tapped into the sellers’ supply zone (1.1760–1.1780), aligning with previous order block and descending channel trendline.
Market structure remains bearish with lower highs & lower lows.
Liquidity below 1.1700 is the next target for smart money.
📉 Bias:
Looking for a rejection from the seller zone → continuation into the blue demand area marked as Wave C completion.
✅ Confluence:
Elliott Wave C-leg projection
Bearish order flow (SMC)
Supply zone rejection
Channel continuation
⚠️ Invalidation:
Bullish break and close above 1.1800 would invalidate this bearish scenario.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.