Currently the market is trading within a range, as the previous session failed to break either the high or the low, leaving price balanced.
Looking at the current uptrend volume profile, I’m noticing signs of volume distribution. Combined with the market’s inability to break higher and continue the trend, this could be an early indication of a potential short-term directional shift.
My current idea is that the supply zone may be accumulating before rotating price lower into the previous swing structure value area.
Trade Idea:
I’m looking for a potential entry within the supply zone around the range volume POC. My initial targets are the uptrend POC and the demand zone below, while looking for a potential break below the sub-structure low.
As this setup is developing within a balanced market environment, I’ll remain reactive to volume behavior and structural shifts.
This idea becomes invalidated if price breaks above the highs, which also serves as my stop level. Additionally, the potential trend shift is only confirmed with a break below the sub-structure low — until then, the market remains range-bound.
Shared for educational purposes only — not financial advice.