1. Entry ~21,884.4
Why here? Price has rallied into that red “supply” zone (fair-value gap + bearish order block), then chopped down and back up to retest its lower edge. That level also coincides with the broken swing pivot (Change-of-Character from bull→bear). We short the retest, expecting supply to push price lower.
2. Stop-loss 21,912.0
Why there? Just above the top of the supply zone/weak high. If price climbs above 21,912, it’s cleared the zone and negated the bearish bias—so we get out.
3. Take-Profits
TP1 at 21,800.9 (the old swing-high turned support, labeled “PMH”)
First support zone—locks in quick gains and covers your risk.
TP2 at 21,675.0 (the previous day’s low, labeled “PDL”)
A deeper support area where sellers will likely pause or flip to buyers.
(Optional TP3 at 21,575.8 if you want a final scalp into the gray “equilibrium”/demand zone.)
Why here? Price has rallied into that red “supply” zone (fair-value gap + bearish order block), then chopped down and back up to retest its lower edge. That level also coincides with the broken swing pivot (Change-of-Character from bull→bear). We short the retest, expecting supply to push price lower.
2. Stop-loss 21,912.0
Why there? Just above the top of the supply zone/weak high. If price climbs above 21,912, it’s cleared the zone and negated the bearish bias—so we get out.
3. Take-Profits
TP1 at 21,800.9 (the old swing-high turned support, labeled “PMH”)
First support zone—locks in quick gains and covers your risk.
TP2 at 21,675.0 (the previous day’s low, labeled “PDL”)
A deeper support area where sellers will likely pause or flip to buyers.
(Optional TP3 at 21,575.8 if you want a final scalp into the gray “equilibrium”/demand zone.)
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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.