TOTAL Market Cap (4H) – Structure Update

95
Price has expanded lower after failing to reclaim prior range highs and remains below HTF supply.

Key observations
Clear 4H bearish MSS
Strong rejection from the bearish order block (3.10–3.18T)
Price broke below rising channel support
Previous support now acting as resistance
No bullish displacement or acceptance back above the OB

Liquidity & targets

First downside draw: 2.83T (4H bullish OB)
If that level fails → next target around 2.74T
Any reaction at 2.83T needs confirmation, otherwise continuation lower

Bias
Bearish

As long as price stays below 3.05–3.10T, downside remains likely
Pullbacks into resistance without acceptance = sell-the-rally

Only a strong reclaim above HTF supply invalidates the bearish bias

Execution note
It’s Monday, so I’m waiting for the Monday range to fully form.
I’ll only look for trade setups after the range is set and structure confirms.

Mr C

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