### **Market Context**
* Price has tapped into **External Liquidity (~470 zone)**
* A clear **manipulation phase** is visible at the top (distribution)
* Strong bearish displacement confirms **shift in order flow**
* Price is now likely seeking **inefficiencies (FVG) below**
---
## **Primary Bias: Bearish (HTF Correction Phase)**
---
## **Trade Plan**
### **Entry Zone (Sell Setup)**
* Watch for pullback into:
* **315 – 320 zone** (−1 level / supply reaction)
* Confirmation:
* Weak bullish candles
* Lower timeframe CHoCH / BOS
* Rejection wicks
---
### **Targets**
1. **Target 1:** 272 (−1.5 level)
2. **Target 2:** 240–250 (3M FVG fill)
3. **Target 3:** 228 (−2 level)
4. **Extended Target:** 185 (−2.5 level)
---
### **Stop Loss**
* Above **402 (0 level)**
* Conservative stop: above **recent swing high (~445)**
---
## **Alternative Scenario (Bullish Continuation)**
* If price **reclaims 402 and sustains above**, expect continuation toward **470 liquidity sweep**
* This invalidates the bearish setup
---
## **Key Concepts Used**
* External Liquidity Grab
* Smart Money Manipulation Phase
* Fair Value Gap (FVG)
* Fibonacci Expansion (−1, −1.5, −2 levels)
---
## **Summary**
Liquidity taken at highs followed by bearish displacement suggests a pullback sell setup, targeting inefficiencies and lower manipulation levels.
---
* Price has tapped into **External Liquidity (~470 zone)**
* A clear **manipulation phase** is visible at the top (distribution)
* Strong bearish displacement confirms **shift in order flow**
* Price is now likely seeking **inefficiencies (FVG) below**
---
## **Primary Bias: Bearish (HTF Correction Phase)**
---
## **Trade Plan**
### **Entry Zone (Sell Setup)**
* Watch for pullback into:
* **315 – 320 zone** (−1 level / supply reaction)
* Confirmation:
* Weak bullish candles
* Lower timeframe CHoCH / BOS
* Rejection wicks
---
### **Targets**
1. **Target 1:** 272 (−1.5 level)
2. **Target 2:** 240–250 (3M FVG fill)
3. **Target 3:** 228 (−2 level)
4. **Extended Target:** 185 (−2.5 level)
---
### **Stop Loss**
* Above **402 (0 level)**
* Conservative stop: above **recent swing high (~445)**
---
## **Alternative Scenario (Bullish Continuation)**
* If price **reclaims 402 and sustains above**, expect continuation toward **470 liquidity sweep**
* This invalidates the bearish setup
---
## **Key Concepts Used**
* External Liquidity Grab
* Smart Money Manipulation Phase
* Fair Value Gap (FVG)
* Fibonacci Expansion (−1, −1.5, −2 levels)
---
## **Summary**
Liquidity taken at highs followed by bearish displacement suggests a pullback sell setup, targeting inefficiencies and lower manipulation levels.
---
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.