Trend & Structure Broken
The green up-trend line and the last swing low were breached (you saw a BOS and CHoCH). That’s your first clue that buyers have lost control.
Failed Rally into Supply
When price pulled back up, it stalled under the old swing high / “equilibrium” zone. It never made a fresh higher high—so there’s no reason to chase longs.
Entry (Blue @ ~21,689) 🔵🚀
After price broke the rising trendline and the last swing low, it rolled back up into the equilibrium/supply area. That gives you a “sell-the-rally” entry at the blue level—where late buyers and remaining shorts congregate.
Stop-Loss (Red @ ~22,071) 🔴❌
Placed just above the prior swing high and the upper edge of the supply zone. If price pops above this red line, it signals the short setup has failed and bulls are back in control.
Take-Profits (Greens @ ~21,448 → 21,066 → 20,718 → 20,306) 🟢🎯
These green levels are the next pockets of demand/value below:
21,448 – the minor PDL/PWL area 📉
21,066 – first major demand zone 💰
20,718 – deeper value area 📦
20,306 – unfilled gap that often attracts fast buyers ⚡
Happy trading! 👍
The green up-trend line and the last swing low were breached (you saw a BOS and CHoCH). That’s your first clue that buyers have lost control.
Failed Rally into Supply
When price pulled back up, it stalled under the old swing high / “equilibrium” zone. It never made a fresh higher high—so there’s no reason to chase longs.
Entry (Blue @ ~21,689) 🔵🚀
After price broke the rising trendline and the last swing low, it rolled back up into the equilibrium/supply area. That gives you a “sell-the-rally” entry at the blue level—where late buyers and remaining shorts congregate.
Stop-Loss (Red @ ~22,071) 🔴❌
Placed just above the prior swing high and the upper edge of the supply zone. If price pops above this red line, it signals the short setup has failed and bulls are back in control.
Take-Profits (Greens @ ~21,448 → 21,066 → 20,718 → 20,306) 🟢🎯
These green levels are the next pockets of demand/value below:
21,448 – the minor PDL/PWL area 📉
21,066 – first major demand zone 💰
20,718 – deeper value area 📦
20,306 – unfilled gap that often attracts fast buyers ⚡
Happy trading! 👍
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.