The market rejected a 4H demand zone identified by an Order Block (OBT), with a clear “Sellers Failed” signal—indicating a failed bearish continuation attempt. This suggests a potential bullish reversal.
📈 Anticipated Move:
The price is likely to target the following key resistance zones:
Daily Entry Sell Resistance: 3,265.74
50% Entry Sell Resistance: 3,317.03
4H Entry Sell Resistance: 3,360.73
📌 Technical Confluence:
Presence of Equal Highs (potential liquidity pool)
Consolidation structure forming above OBT
Price action building for a possible bullish leg
📊 Bias:
Short to mid-term bullish, with close monitoring of marked resistance zones for take-profit or invalidation scenarios.
📈 Anticipated Move:
The price is likely to target the following key resistance zones:
Daily Entry Sell Resistance: 3,265.74
50% Entry Sell Resistance: 3,317.03
4H Entry Sell Resistance: 3,360.73
📌 Technical Confluence:
Presence of Equal Highs (potential liquidity pool)
Consolidation structure forming above OBT
Price action building for a possible bullish leg
📊 Bias:
Short to mid-term bullish, with close monitoring of marked resistance zones for take-profit or invalidation scenarios.
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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.