📊 Analysis Based on Smart Money Concepts (SMC)
✅ Break of Structure (BOS) observed at $3205
✅ Price dropped to $3120, showing strong bearish momentum
✅ Change of Character (CHoCH) formed around $3193
✅ Price reacted from the Demand Zone near $3120
📌 Trade Plan:
We're waiting for the price to retrace back to the Demand Zone (highlighted area) for a potential buy setup.
🔑 If price fails to retrace and instead breaks above $3250, that would be a new BOS, and we’ll look for a bullish retest entry at that level.
📉 If price returns to the demand zone and shows bullish confirmation, expect upside continuation.
📈 If price breaks $3250, structure shifts bullish—watch for retest to join the uptrend.
🧠 Be patient. Let the market come to your zone. Don’t chase it.
✅ Break of Structure (BOS) observed at $3205
✅ Price dropped to $3120, showing strong bearish momentum
✅ Change of Character (CHoCH) formed around $3193
✅ Price reacted from the Demand Zone near $3120
📌 Trade Plan:
We're waiting for the price to retrace back to the Demand Zone (highlighted area) for a potential buy setup.
🔑 If price fails to retrace and instead breaks above $3250, that would be a new BOS, and we’ll look for a bullish retest entry at that level.
📉 If price returns to the demand zone and shows bullish confirmation, expect upside continuation.
📈 If price breaks $3250, structure shifts bullish—watch for retest to join the uptrend.
🧠 Be patient. Let the market come to your zone. Don’t chase it.
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.