Price has recently tapped into the order block (OB) area after a clear shift in market structure (ChoCH), showing a strong bearish reaction from supply. After the rejection from the OB, the market formed a minor pullback to retest the EMA zone, creating a potential short entry opportunity at the marked “ENTER” point. The structure suggests bearish continuation as liquidity has already been swept above previous highs, indicating potential for a downside move.
If the bearish momentum sustains below the EMA and price rejects from this retracement level, we can expect continuation towards the support area and weak low zone. The target aligns with previous liquidity pools resting below the current market structure, offering a clean bearish setup.
Target: Support zone / weak low area
If the bearish momentum sustains below the EMA and price rejects from this retracement level, we can expect continuation towards the support area and weak low zone. The target aligns with previous liquidity pools resting below the current market structure, offering a clean bearish setup.
Target: Support zone / weak low area
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.