With this 4H bearish impulsive move, it’s easy to assume a reversal is underway to break the previous daily swing low. However, this appears more like a liquidity grab—fueling the next leg to the upside.
Price has retraced into a key zone that previously performed a strong liquidation. With significant liquidity already swept and clean inducements now resting above, this level becomes crucial.
This zone is the last stand: a break downward may target the daily swing low, while a hold and reaction could propel price toward the swing high.
Fingers crossed 🤞 as we watch price play out.
Have a great trading week, traders.
Catch you in the next one. 🫡
Price has retraced into a key zone that previously performed a strong liquidation. With significant liquidity already swept and clean inducements now resting above, this level becomes crucial.
This zone is the last stand: a break downward may target the daily swing low, while a hold and reaction could propel price toward the swing high.
Fingers crossed 🤞 as we watch price play out.
Have a great trading week, traders.
Catch you in the next one. 🫡
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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.
Related publications
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.