ILSJPY: Bearish Sequence to Macro WCL?Price has successfully completed the higher-timeframe bullish sequence by reaching the blue Point C, establishing a valid structural location to seek bearish setups. Right on cue, a new bearish sequence has activated, setting up a clear local Point C target on the lower boundary.
While the primary objective of this new sequence is its immediate Point C target, this local structure may represent the initial leg of a broader macro shift. The overall thesis is that this local bearish sequence could act as the origin point for a sustained downtrend, ultimately driving price down to complete the higher-degree Whole Correction Level (WCL).
The immediate focus remains on price behavior around the initial Point C target. Observing structural reactions, liquidity sweeps, and delivery confirmations will clarify whether this sequence resolves as a localized target completion or serves as the starting catalyst for the full expansion toward the macro WCL.
Short
