GJ ANALYSIS (SMC/INSTITUTIONAL)
Price is in an obvious down trend and then had a CHCOH recently and a BOS making the market go into a bullish trend and then was rapidly taken out by a bearish move with a high amount of volume which left a large amount of imbalance followed by a CHOCH and BOS. Due to the mass volume, I believe that a extreme order block would be recommended. Also, as confluence, I used a FIB level to confirm my order block along with the fact price is liquidating near to my order block.
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.