1. Market Structure & Context
The market has been in a bullish uptrend within a rising channel (trendlines).
A "Diagonal Expecting" zone suggests a potential exhaustion of bullish momentum.
A "Trend Trap" indicates a possible liquidity grab before a major move.
2. ICT Concepts Applied
Liquidity Grab & Manipulation:
The market may have engineered liquidity above the previous highs before the sell-off.
The "Sell Off" label suggests Smart Money could be distributing positions at the premium levels.
Market Structure Shift (MSS):
If the price breaks the trend trap zone with conviction, it signals a shift from bullish to bearish order flow.
Fair Value Gap (FVG) & Price Targets:
The first take-profit level at 16,529.9 aligns with an area where liquidity might rest.
The final target at 14,125.1 suggests price filling an imbalance or mitigating an order block (OB) at a lower timeframe.
3. Expected Move
Potential Short-Term Rebound:
A small retracement could occur before the major drop (blue projection).
Overall Bearish Expectation:
A strong downward move into lower levels where Smart Money may reaccumulate positions.
Conclusion
This chart is anticipating a significant bearish move after a liquidity grab at highs, with take-profit zones aligning with ICT principles like FVG fills and order block mitigation. If the market respects these areas, traders could look for confirmation (e.g., displacement, breaker structures) to enter short positions.
The market has been in a bullish uptrend within a rising channel (trendlines).
A "Diagonal Expecting" zone suggests a potential exhaustion of bullish momentum.
A "Trend Trap" indicates a possible liquidity grab before a major move.
2. ICT Concepts Applied
Liquidity Grab & Manipulation:
The market may have engineered liquidity above the previous highs before the sell-off.
The "Sell Off" label suggests Smart Money could be distributing positions at the premium levels.
Market Structure Shift (MSS):
If the price breaks the trend trap zone with conviction, it signals a shift from bullish to bearish order flow.
Fair Value Gap (FVG) & Price Targets:
The first take-profit level at 16,529.9 aligns with an area where liquidity might rest.
The final target at 14,125.1 suggests price filling an imbalance or mitigating an order block (OB) at a lower timeframe.
3. Expected Move
Potential Short-Term Rebound:
A small retracement could occur before the major drop (blue projection).
Overall Bearish Expectation:
A strong downward move into lower levels where Smart Money may reaccumulate positions.
Conclusion
This chart is anticipating a significant bearish move after a liquidity grab at highs, with take-profit zones aligning with ICT principles like FVG fills and order block mitigation. If the market respects these areas, traders could look for confirmation (e.g., displacement, breaker structures) to enter short positions.
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.