The market is currently approaching an important reversal zone where I am waiting for a strong positive candle confirmation. A clean bullish reaction from this area could trigger a solid upside move.
Looking at the structure, the previous high was successfully broken first. After the breakout, I copied the supply zone located below the high and projected the same structure from the breakout area. This created the current reversal zone where price is now reacting.
At this point, I want to see a strong bullish candle or positive price action confirmation inside this zone. If buyers step in with momentum, the market could continue moving higher from here.
I also marked a “VOL BURST” level below the zone. This area represents possible liquidity activity, meaning price can still sweep lower before reversing. The market may either react directly from the reversal zone or form a bullish setup somewhere between the reversal zone and the VOL BURST level.
For now, the focus remains on bullish confirmation inside the marked area.
Looking at the structure, the previous high was successfully broken first. After the breakout, I copied the supply zone located below the high and projected the same structure from the breakout area. This created the current reversal zone where price is now reacting.
At this point, I want to see a strong bullish candle or positive price action confirmation inside this zone. If buyers step in with momentum, the market could continue moving higher from here.
I also marked a “VOL BURST” level below the zone. This area represents possible liquidity activity, meaning price can still sweep lower before reversing. The market may either react directly from the reversal zone or form a bullish setup somewhere between the reversal zone and the VOL BURST level.
For now, the focus remains on bullish confirmation inside the marked area.
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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.