Liquidity Sweep & Rejection:
Price reached a high near 5,631.4 and got rejected from a supply zone (highlighted red box).
This suggests a potential liquidity grab before a reversal.
Entry Confirmation:
The price has started forming lower highs and lower lows after the rejection.
There's a consolidation after the rejection, possibly forming a distribution phase before moving lower.
Price reached a high near 5,631.4 and got rejected from a supply zone (highlighted red box).
This suggests a potential liquidity grab before a reversal.
Entry Confirmation:
The price has started forming lower highs and lower lows after the rejection.
There's a consolidation after the rejection, possibly forming a distribution phase before moving lower.
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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.