🔸 WEEKLY BIAS
The broader trend remains bullish to neutral, though momentum is softening within a premium rejection zone.
In May–June, price broke structure to the upside, printing a new weekly higher high (HH) above 3380. However, it failed to sustain above the volume imbalance (3430–3480), signaling exhaustion in that premium range.
Currently, price is rejecting premium and consolidating just below 3327 — a key level marking previous institutional support and the midpoint of the weekly Fair Value Gap (FVG).
🔹 Weekly Key Zones
🟢 Support Zone (Buy Interest): 3204–3230
Weekly FVG + Equilibrium retrace + EMA50
A bullish rejection from this zone could trigger continuation toward 3327, then 3380
🔴 Resistance / Supply Zone (Sell Interest): 3420–3480
Weekly FVG + Premium Order Block + Prior liquidity sweep zone
A retest here without strong bullish catalysts may present a swing short opportunity
🔸 DAILY BIAS
Bias remains neutral to bearish until the 3330–3344 zone is decisively reclaimed and confirmed as support.
🔹 Daily Key Zones
🔴 Supply Zones
3420–3450
Premium FVG + Daily OB + Historical rejection wick
High-probability inducement area; only valid for shorts if 3344 fails to flip
3388–3402
Minor supply + internal structure break
Weaker, short-term reaction zone — monitor for signs of rejection if price extends
🔵 Support Zones
3230–3208
Daily FVG + Unmitigated Bullish OB + Discount territory
High interest for long setups only if confirmed by clean bullish rejection
3170–3154
Untapped daily OB + Historical support wick
Stronger potential reversal zone if 3230 breaks; confluence with deeper fib + likely RSI oversold
🔸 H4 BIAS
Short-term structure is bearish, with consistent lower highs forming beneath the key 3344–3351 supply zone.
🔹 H4 Key Zones
🔴 Supply Zones
3344–3351
H4 FVG + OB cluster within premium zone
A wick above recent highs followed by rejection could set up a clean swing short
3380–3394
Origin of the last bearish leg + stop hunt wick
High-risk rejection zone — watch for fast spikes into this area for potential fades
🔵 Support Zones
3265–3275
H4 FVG + Flip level + Prior sweep zone
A hold here could suggest re-accumulation, targeting 3327 and possibly 3340
3235–3246
Strong unmitigated OB + Discount pricing
Ideal sniper entry zone only with bullish rejection + M15+ BOS confirmation
The broader trend remains bullish to neutral, though momentum is softening within a premium rejection zone.
In May–June, price broke structure to the upside, printing a new weekly higher high (HH) above 3380. However, it failed to sustain above the volume imbalance (3430–3480), signaling exhaustion in that premium range.
Currently, price is rejecting premium and consolidating just below 3327 — a key level marking previous institutional support and the midpoint of the weekly Fair Value Gap (FVG).
🔹 Weekly Key Zones
🟢 Support Zone (Buy Interest): 3204–3230
Weekly FVG + Equilibrium retrace + EMA50
A bullish rejection from this zone could trigger continuation toward 3327, then 3380
🔴 Resistance / Supply Zone (Sell Interest): 3420–3480
Weekly FVG + Premium Order Block + Prior liquidity sweep zone
A retest here without strong bullish catalysts may present a swing short opportunity
🔸 DAILY BIAS
Bias remains neutral to bearish until the 3330–3344 zone is decisively reclaimed and confirmed as support.
🔹 Daily Key Zones
🔴 Supply Zones
3420–3450
Premium FVG + Daily OB + Historical rejection wick
High-probability inducement area; only valid for shorts if 3344 fails to flip
3388–3402
Minor supply + internal structure break
Weaker, short-term reaction zone — monitor for signs of rejection if price extends
🔵 Support Zones
3230–3208
Daily FVG + Unmitigated Bullish OB + Discount territory
High interest for long setups only if confirmed by clean bullish rejection
3170–3154
Untapped daily OB + Historical support wick
Stronger potential reversal zone if 3230 breaks; confluence with deeper fib + likely RSI oversold
🔸 H4 BIAS
Short-term structure is bearish, with consistent lower highs forming beneath the key 3344–3351 supply zone.
🔹 H4 Key Zones
🔴 Supply Zones
3344–3351
H4 FVG + OB cluster within premium zone
A wick above recent highs followed by rejection could set up a clean swing short
3380–3394
Origin of the last bearish leg + stop hunt wick
High-risk rejection zone — watch for fast spikes into this area for potential fades
🔵 Support Zones
3265–3275
H4 FVG + Flip level + Prior sweep zone
A hold here could suggest re-accumulation, targeting 3327 and possibly 3340
3235–3246
Strong unmitigated OB + Discount pricing
Ideal sniper entry zone only with bullish rejection + M15+ BOS confirmation
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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.
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.