Price recently tapped into a key resistance zone where an imbalance was filled by a wick, showing signs of potential exhaustion. We could see a liquidity grab above before a significant move down toward the 5,150 level. Watch for a reaction in the highlighted resistance area – this could be the beginning of a bearish reversal. Major support sits lower, where a larger move might find footing.
🔹 Resistance tested
🔹 Imbalance filled
🔹 Bearish reaction anticipated
🔹 Targeting the 5,150 zone
Let me know your thoughts – do you see the same setup?
🔹 Resistance tested
🔹 Imbalance filled
🔹 Bearish reaction anticipated
🔹 Targeting the 5,150 zone
Let me know your thoughts – do you see the same setup?
Trade active
bounced off the gap
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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.