Price has now reacted exactly as anticipated, retracing into the daily FVG after completing the initial bearish expansion and taking sell-side liquidity.
This move into the FVG represents a rebalance of inefficiency, not a shift in bias. The higher timeframe narrative remains intact: liquidity was taken above the highs, followed by distribution and expansion to the downside.
At this stage, I am not entering blindly. I am waiting for price to **form a clear sell structure inside the FVG**, ideally with a Turtle Soup (TS) setup — a liquidity grab above a short-term high followed by rejection.
This would confirm that the retracement is complete and that the market is ready to continue delivering lower.
**Plan:**
* Wait for TS / lower timeframe shift inside the FVG
* Enter on confirmation, not anticipation
* Target continuation toward external liquidity below
**Narrative:**
Sell-side taken → retracement into imbalance → waiting for manipulation (TS) → continuation to next liquidity.
**Bias:** Bearish
**Invalidation:** Strong acceptance above the FVG
**Target:** Next external liquidity below current range