Key Elements:
Price: 41,579.16 (at the time of the screenshot), showing a drop of -343.51 points (-0.82%).
Zones:
Weekly FVG (Fair Value Gap): Around 42,750–43,000.
Daily FVG: Around 42,100.
Daily High/Low: Marked around 42,095.82 (high) and 41,147.61 (low).
Market Structure:
CHoCH (Change of Character): Several CHoCHs marked, indicating shifts in market sentiment and structure.
BOS (Break of Structure): Indicates previous bullish momentum was broken.
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Prediction Path (Orange Arrow):
Suggests a possible retracement upward into the Daily FVG zone (~42,000+), then a reversal downward, breaking the Daily Low (~41,147).
Final target seems to be near 40,500 or lower, with another CHoCH noted at that level—implying further bearish continuation potential.
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Interpretation:
The chart suggests a bearish bias:
Retracement to fill the Daily FVG.
Then continuation downward, breaking key structural levels.
Price: 41,579.16 (at the time of the screenshot), showing a drop of -343.51 points (-0.82%).
Zones:
Weekly FVG (Fair Value Gap): Around 42,750–43,000.
Daily FVG: Around 42,100.
Daily High/Low: Marked around 42,095.82 (high) and 41,147.61 (low).
Market Structure:
CHoCH (Change of Character): Several CHoCHs marked, indicating shifts in market sentiment and structure.
BOS (Break of Structure): Indicates previous bullish momentum was broken.
---
Prediction Path (Orange Arrow):
Suggests a possible retracement upward into the Daily FVG zone (~42,000+), then a reversal downward, breaking the Daily Low (~41,147).
Final target seems to be near 40,500 or lower, with another CHoCH noted at that level—implying further bearish continuation potential.
---
Interpretation:
The chart suggests a bearish bias:
Retracement to fill the Daily FVG.
Then continuation downward, breaking key structural levels.
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.