Market Structure Update:
As we continue forming the right side of the current market structure, several key levels emerge as critical points of control. It's important to highlight that the current formation is mirroring the left side of the structure, and we are now approaching the midpoint of the cycle.
Based on this mirroring cycle, we anticipate downward movement today and tomorrow as the structure progresses toward completion.
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🔻 Short Entry Zones
A close or wick below the following levels would confirm potential short entries:
109.6k – Left-side structure wick
109.3k – Structural support
108.2k – Key breakdown level
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🎯 Short Targets
If confirmed, potential downside targets include:
108.3k
105.3k
104.6k
103.2k
102k
101.4k
100.3k
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🔺 Important Levels to Monitor (If Uptrend Momentum Builds)
In the event of a bullish breakout, keep an eye on:
110.7k – All-Time High wick, right side of structure
111.9k – Wick just below ATH (May 25th), key structural zone
Stay alert. "As Above, So Below."
— ZemoG Trading Group
As we continue forming the right side of the current market structure, several key levels emerge as critical points of control. It's important to highlight that the current formation is mirroring the left side of the structure, and we are now approaching the midpoint of the cycle.
Based on this mirroring cycle, we anticipate downward movement today and tomorrow as the structure progresses toward completion.
---
🔻 Short Entry Zones
A close or wick below the following levels would confirm potential short entries:
109.6k – Left-side structure wick
109.3k – Structural support
108.2k – Key breakdown level
---
🎯 Short Targets
If confirmed, potential downside targets include:
108.3k
105.3k
104.6k
103.2k
102k
101.4k
100.3k
---
🔺 Important Levels to Monitor (If Uptrend Momentum Builds)
In the event of a bullish breakout, keep an eye on:
110.7k – All-Time High wick, right side of structure
111.9k – Wick just below ATH (May 25th), key structural zone
Stay alert. "As Above, So Below."
— ZemoG Trading Group
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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.
Contact me for a free market analysis!!
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.