Key Zones Marked:
As per smart money concepts,
Supply Zone (SZ)
1. Price retraced to this zone and rejected
2. Aligned with 0.5 Fibonacci level (25086.05)→ ideal for short entries
3. SL placed slightly above the zone = 25153 - 25160
Potential Targets:
1. TGT1 → 24,753.45 = 0.786 retracement
2. TGT2 → 24,637.15 = 0.886 retracement
These are common levels where price retraces after FVG imbalance fills or OB breaks
What This Trade Represents:
1. Displacement happened, retracement into a mitigation block / supply zone
2. Short position was taken on confirmation wick
3. Expecting price to move to discount level or old demand zone
Note: Only for educational purpose.
Thanks.
Regards
Bull Man
As per smart money concepts,
Supply Zone (SZ)
1. Price retraced to this zone and rejected
2. Aligned with 0.5 Fibonacci level (25086.05)→ ideal for short entries
3. SL placed slightly above the zone = 25153 - 25160
Potential Targets:
1. TGT1 → 24,753.45 = 0.786 retracement
2. TGT2 → 24,637.15 = 0.886 retracement
These are common levels where price retraces after FVG imbalance fills or OB breaks
What This Trade Represents:
1. Displacement happened, retracement into a mitigation block / supply zone
2. Short position was taken on confirmation wick
3. Expecting price to move to discount level or old demand zone
Note: Only for educational purpose.
Thanks.
Regards
Bull Man
Trade active
Almost Target1 is reached !!!!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.