This seems like a first leg down from recent trend reversal, best place to open a short position is around the marked point.
Price took out the liquidity above equal highs at white line, then touched the weekly order block, so expecting some big fall.
The best trade would be to short around the blue zone, 17k mark, will also be looking to open long positions till then on lower timeframes.
The yellow line indicates the high sell side liquidity that lies even on monthly chart and green was the buy side liquidity that got tapped with a wick. So would be looking for opportunities to long.
It's still early on trend reversal, best entry would be around the green zone. Last target price would be above the swing high.
Can short now with target below last swing low or can wait for price to show some bullish movement with target around the blue zone.
Price Currently at 1D order block and making double top in 1hr so its a probability trade. Target is below the last swing low liquidity .
Price went through yellow line ( Liquidity ) and currently moving down after touching the order block at white zone. Target can be around the bottom of the big green candle.
Waiting for continuation after consolidating in the zone for a while, trend is been changed a while ago and this seems like the first pullback so high chance of second leg down.
This is the first pull back to the Daily orderlock after the possible trend change so its a high probability short as of now. Strong momentum from the weekly levels develops the trend change bais.
Any pullback would have an opportunity to long + expecting consolidation while its inside the zone
RED line is the weekly liquidity and White was the daily + there was a break in market structure around that zone in lower TF.
There's untapped liquidity above the white line so can long with the target at the blue zone FVG
White line indicates the untapped liquidity and Fair value gap can result in small uptrend.
Waiting for some bullish confirmation to long or start accumulating the gems again.
Could long now with very tight stop then can short a last leg of correction