Price remains inside a broader range after the strong rejection from the 6990–7010 supply zone.
We saw:
• Liquidity sweep below 6780
• Strong reaction
• Internal structure shift (CHoCH)
• Gradual recovery toward 6900–6920
Currently, price is compressing just below 6920 — a key intraday liquidity level.
EMA is slightly downward sloping, and we do not yet have a strong 4H BOS above the recent highs.
This keeps the market in equilibrium.
🔵 Bullish Case
If price:
• Breaks and closes above 6915–6920
• Shows displacement
• Holds above EMA
Then continuation toward 6970–7000 supply becomes likely.
🔴 Bearish Case
If we see rejection from 6915–6920:
Then rotation back into range is likely toward:
• 6860
• 6840
• 6815
• Possibly 6780 liquidity
🎯 Conclusion
Market is compressing mid-range.
6920 is the decision point.
Break above → expansion.
Rejection → range rotation.
Structure first. Liquidity always.
We saw:
• Liquidity sweep below 6780
• Strong reaction
• Internal structure shift (CHoCH)
• Gradual recovery toward 6900–6920
Currently, price is compressing just below 6920 — a key intraday liquidity level.
EMA is slightly downward sloping, and we do not yet have a strong 4H BOS above the recent highs.
This keeps the market in equilibrium.
🔵 Bullish Case
If price:
• Breaks and closes above 6915–6920
• Shows displacement
• Holds above EMA
Then continuation toward 6970–7000 supply becomes likely.
🔴 Bearish Case
If we see rejection from 6915–6920:
Then rotation back into range is likely toward:
• 6860
• 6840
• 6815
• Possibly 6780 liquidity
🎯 Conclusion
Market is compressing mid-range.
6920 is the decision point.
Break above → expansion.
Rejection → range rotation.
Structure first. Liquidity always.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.