The final phase of the market is a trading range that has caused a southern engulfing. Lower targets are in focus, but before moving downward, it must fake out the upper false zone (green zone) and drop from the MPL(purple zones).
4h time frame is in trading range . 1h time frame is in down trend (down market structure). 15m time frame is in weak up channel . we will wait until 15m up channel comes in our zones and wait for market goes to down trend.
4h trading range false break out setup. 1h short term traders buyers are strong (strong up channel and market structure) so it can be risky but we have to go with higher time frame bios.
down trend tight channel followed by bear breakout bar(selling climax) and bad follow trough. market changed to trading range . three drive arrival to supply zone.
daily down trend 4h ranging 1h uptrend change to trading range , with up coming selling pressure downtrend more likely.