Description:
Price is moving within a rising channel, heading toward a key liquidity zone sitting right at the golden pocket and just below equal highs. This confluence makes it a prime area for a potential fakeout and reversal. I'm watching for a liquidity grab above, followed by a sharp rejection.
🟦 Rising channel structure
🟨 Golden Pocket + Liquidity Zone
📏 Equal highs = potential trap
🔻 Bearish reversal setup forming
Keeping a close eye for signs of rejection at the top. Could be a nice short opportunity.
What’s your take? Bull trap or breakout?
Price is moving within a rising channel, heading toward a key liquidity zone sitting right at the golden pocket and just below equal highs. This confluence makes it a prime area for a potential fakeout and reversal. I'm watching for a liquidity grab above, followed by a sharp rejection.
🟦 Rising channel structure
🟨 Golden Pocket + Liquidity Zone
📏 Equal highs = potential trap
🔻 Bearish reversal setup forming
Keeping a close eye for signs of rejection at the top. Could be a nice short opportunity.
What’s your take? Bull trap or breakout?
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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.