The chart presents a strong sell opportunity at a key supply zone (Order Block), supported by a clear Change of Character (CHoCH). Confluence is added by the 4H Fibonacci retracement, a Breaker Block, and a Mitigation Zone. Price previously reacted from a demand area (highlighted in grey), then retraced back to retest the supply zone, suggesting a high-probability bearish reversal. The current recommendation is "Sell Now", with the potential target aligned with the lower demand zone.
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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.