🔻 Structure
Clear bearish CHoCH after distribution above 5200
Strong downside displacement = real intent
This is not just a pullback → it's a structure shift
📉 Fibonacci
Drawn correctly from swing low → top.
Key levels:
0.382 (~4758) → broken → bullish weakness
0.5 (~4454) → current reaction zone
0.618 (~4184) → major discount zone
0.65 (~4111) → deep institutional level
📊 EMA Context
EMA200 (blue) → macro bullish
EMA41 (red) → lost → bearish pressure
EMA9 (green) → short-term momentum down
🔑 Conclusion
Market is in a bearish correction inside a bullish HTF trend
Sellers currently in control
No aggressive longs here
🎯 Scenarios
1. Bearish continuation (most likely)
→ 4180–4110 (0.618–0.65)
2. Pullback for shorts
→ 4750–4900 = sell zone
3. Bullish reversal
→ only above EMA41 + BOS
Clear bearish CHoCH after distribution above 5200
Strong downside displacement = real intent
This is not just a pullback → it's a structure shift
📉 Fibonacci
Drawn correctly from swing low → top.
Key levels:
0.382 (~4758) → broken → bullish weakness
0.5 (~4454) → current reaction zone
0.618 (~4184) → major discount zone
0.65 (~4111) → deep institutional level
📊 EMA Context
EMA200 (blue) → macro bullish
EMA41 (red) → lost → bearish pressure
EMA9 (green) → short-term momentum down
🔑 Conclusion
Market is in a bearish correction inside a bullish HTF trend
Sellers currently in control
No aggressive longs here
🎯 Scenarios
1. Bearish continuation (most likely)
→ 4180–4110 (0.618–0.65)
2. Pullback for shorts
→ 4750–4900 = sell zone
3. Bullish reversal
→ only above EMA41 + BOS
Trade active
Update – Bearish Scenario Playing OutBearish continuation is unfolding exactly as anticipated.
✔️ Breakdown below 0.618 confirmed
✔️ Strong displacement into discount
✔️ Liquidity taken below 4217
📉 Current context:
Price has aggressively tapped into the discount zone, validating the bearish expansion phase.
🎯 Next expectations:
Temporary reaction possible
→ continuation toward 4078 HTF bullish OB
⚠️ Key insight:
4217 acted as liquidity, not final support.
The real reaction zone remains 4078.
Trade closed: target reached
Note
Price didn’t reach 4078 = important.✔️ Early reaction = aggressive buyers
✔️ Possible partial mitigation
👉 Slight bullish signal, but not confirmed.
Confirmation only if:
holds above ~4120
breaks 4433 / 4540
Otherwise → 4078 still in play.
Note
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.
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.