📉 INTU – Market Structure Breakdown
I recognize this setup:
Accumulation ➝ Manipulation ➝ Distribution.
After distribution at the premium zone, price is now breaking down toward the previous point of manipulation.
🔹 Current price: ~662
🔹 Potential downside target: 556–560 zone (previous manipulation base)
🔹 If broken further → risk of deeper move into 480–500 discount range
Key Observations:
Multiple Change of Character (ChoCH) and Break of Structure (BOS) signals confirming distribution.
Volume spikes align with manipulation phases.
Real trend may resume only after price returns to equilibrium zones.
⚠️ Watch for liquidity grabs around 600–610 before continuation lower.
👉 My bias: Short-term bearish, targeting 560, with a potential trend resumption later.
#INTU #Trading #SmartMoney #Stocks
I recognize this setup:
Accumulation ➝ Manipulation ➝ Distribution.
After distribution at the premium zone, price is now breaking down toward the previous point of manipulation.
🔹 Current price: ~662
🔹 Potential downside target: 556–560 zone (previous manipulation base)
🔹 If broken further → risk of deeper move into 480–500 discount range
Key Observations:
Multiple Change of Character (ChoCH) and Break of Structure (BOS) signals confirming distribution.
Volume spikes align with manipulation phases.
Real trend may resume only after price returns to equilibrium zones.
⚠️ Watch for liquidity grabs around 600–610 before continuation lower.
👉 My bias: Short-term bearish, targeting 560, with a potential trend resumption later.
#INTU #Trading #SmartMoney #Stocks
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.