Bearish Rejection from Supply Zone | Smart Money Concept & Fibon
Market Structure: Strong bullish move reaching a key resistance zone.
Supply Zone: Price has entered a strong supply area (highlighted in red) and is showing rejection.
Fibonacci Confluence: The rejection aligns with the 0.5 Fibonacci retracement level (2,878.218), confirming a potential reversal.
Entry: Short position initiated at the supply zone rejection.
Stop Loss (SL): Placed above the supply zone to avoid fakeouts.
Take Profit (TP): Aiming for the lower demand zone (green area).
Confirmation: Bearish candle forming at resistance, indicating selling pressure.
📝 Conclusion:
A potential short trade setup based on Smart Money Concepts (SMC) + Fibonacci retracement. If price continues rejecting this zone, further downside is expected toward the demand area.
Supply Zone: Price has entered a strong supply area (highlighted in red) and is showing rejection.
Fibonacci Confluence: The rejection aligns with the 0.5 Fibonacci retracement level (2,878.218), confirming a potential reversal.
Entry: Short position initiated at the supply zone rejection.
Stop Loss (SL): Placed above the supply zone to avoid fakeouts.
Take Profit (TP): Aiming for the lower demand zone (green area).
Confirmation: Bearish candle forming at resistance, indicating selling pressure.
📝 Conclusion:
A potential short trade setup based on Smart Money Concepts (SMC) + Fibonacci retracement. If price continues rejecting this zone, further downside is expected toward the demand area.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.