US500 | Liquidity Grab Before Expansion LowerPrice is currently retracing into a lower high supply zone (6700 – 6720) after forming a strong impulsive move from the downside. This area aligns with a previous distribution region, making it a high-probability reaction zone.
The market may attempt a short-term liquidity grab above the current range, but as long as price remains below the supply zone, the overall intraday bias remains bearish.
A rejection from this region could trigger the next leg down.
Bearish roadmap:
• Rejection from 6700 – 6720 supply
• Move toward internal OB around 6635
• Break of OB opens path toward 6615 demand
• Final liquidity draw sits near 6580
If price accepts above the supply zone, the bearish idea becomes invalid.
Key Levels
Supply: 6700 – 6720
OB: ~6635
Demand: 6615 – 6620
Liquidity Target: ~6580
Short