**Key Observations:**
1. **Market Structure:**
- The price is currently within a **consolidation phase** around the **equilibrium level**.
- **Multiple Change of Character (ChOCH) points** suggest liquidity grabs and re-accumulation/distribution.
- The **Break of Structure (BOS)** earlier signals bearish intent, but the price is reacting to the **discount zone**.
2. **Supply & Demand Zones:**
- **Premium Zone (Red Area - 190.000 & Above):** Strong supply area.
- **Discount Zone (Blue Area - Below 188.500):** Demand area, where buyers are showing interest.
3. **Liquidity Areas:**
- **Weak High & Previous Day High (PDH ~189.800):** A potential liquidity grab zone.
- **Previous Day Low (PDL ~188.200):** A strong low that might get tested.
4. **Current Price Action:**
- Price is rejecting the **discount zone** and trying to move higher.
- Still trading below the **PDH resistance zone**, meaning further upside requires a liquidity grab.
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**Probability-Based Scenarios:**
1. **Bullish Scenario (Price moves up to PDH - 189.800 or Premium Zone - 190.500)**
- **Probability: 60%**
- **Reasons:**
- Price rejected the **discount zone**, showing buyer strength.
- ChOCH shifts indicate possible bullish re-accumulation.
- Liquidity above **weak highs** (potential target area).
2. **Bearish Scenario (Price moves down to PDL - 188.200 or below)**
- **Probability: 40%**
- **Reasons:**
- If price fails to break and hold above equilibrium, it may seek liquidity at PDL.
- Strong low at PWL (Potential Weak Low) might be a target before bullish continuation.
- Market is currently undecided within equilibrium.
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**Final Thoughts:**
- **Slightly higher probability of bullish continuation (60%)** as buyers are defending discount zones.
- **Watch for confirmation:** If price **breaks and holds above 189.200**, then the bullish move is likely.
- **Bearish case:** If price **rejects and falls below 188.800**, then further downside is likely.
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.
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.