Recent Price Action:
Projection:
Market Observations:
- High High (HH): Price reached a peak before reversing at 2,376.50 USD.
- Break of Structure (BOS): Multiple occurrences indicating potential shifts in market direction.
- Fair Value Gaps (FVG): Indicate price imbalances that may get filled in future movements.
Projection:
- Immediate Downtrend: Potential downward movement towards the 2,310.00 - 2,312.00 USD demand zone.
- Possible Retracement: Upward retracement towards the 2,368.00 - 2,376.50 USD supply zone before continuing the downtrend.
- Further Downside: Extended bearish targets around 2,280.00 USD.
Market Observations:
- Watch for price reactions at the demand and supply zones.
- Monitor structural breaks for trend confirmation or reversal.
- Be cautious of liquidity sweeps which may cause abrupt price movements.
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.