The current price action suggests the market has completed its upside objective and may now seek lower liquidity. The failure to sustain acceptance above the previous high increases the probability of a bearish repricing phase.
From a market structure perspective:
Price is now trading within a premium zone, where institutional selling interest typically becomes more favorable. An inducement (IND) has formed near the highs, potentially trapping breakout traders. Sell-side liquidity (SSL) remains untouched below the current range and I am expecting a break towards it.
🎯 Bearish Targets
Initial objective: SSL around $117
Secondary objective: Discount zone near $93–$95
INTC's rally into the FOMC event appears consistent with a liquidity-driven move rather than genuine bullish expansion. The post-FOMC environment provides a fundamental backdrop that supports profit-taking and potential downside repricing after the liquidity sweep.
From a market structure perspective:
Price is now trading within a premium zone, where institutional selling interest typically becomes more favorable. An inducement (IND) has formed near the highs, potentially trapping breakout traders. Sell-side liquidity (SSL) remains untouched below the current range and I am expecting a break towards it.
🎯 Bearish Targets
Initial objective: SSL around $117
Secondary objective: Discount zone near $93–$95
INTC's rally into the FOMC event appears consistent with a liquidity-driven move rather than genuine bullish expansion. The post-FOMC environment provides a fundamental backdrop that supports profit-taking and potential downside repricing after the liquidity sweep.
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Real Time US Stocks Trade: bitget.com/markets?channelCode=regd&vipCode=kqy7
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.