Bearish Setup – Rejection from Supply Zone

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Price recently swept the previous liquidity near the recent low, confirming that internal liquidity has been collected. Now, the market is showing a potential move back toward the rejection area / order block (OB) above.

Here’s the plan:

Waiting for price to retrace into the rejection area (OB) around 4,038–4,040.

Once we see bearish confirmation on the 1-minute timeframe, we’ll look to enter short.

This zone represents a strong supply area where price previously showed rejection.

After liquidity sweep and retracement, expecting a continuation to the downside targeting new lows.

Key Notes:

Liquidity below recent lows has already been taken.

The current push upward is likely a retracement before a deeper drop.

Watch for bearish price action (engulfing, BOS, or rejection wick) before entering.

Bias: Bearish
Confirmation: 1M timeframe rejection
Targets: New structure low

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