HTF CONTEXT:
Price tapped directly into the 188–195 supply — the zone that caused the major BOS to the downside. The rally into this area created no new demand, meaning this move is likely just a retracement into HTF supply rather than a structural reversal. As long as PLTR stays below this zone, the swing bias remains bearish.
KEY LEVELS & ZONES:
- HTF Supply (sell zone): 188–195
- Downside Targets: 170 160 145 (main swing objective)
GAME PLAN:
- Bias stays short as long as price remains below 188–195 supply.
- Look for LTF roll-over inside the supply zone: sweep → BOS down → clean iFVG.
- Entry: Inside 188–195 (or on confirmation rejecting from zone).
- Stop: Above 195.
- Targets: 170 → 160 → 145.
- No-Trade Rule: Break and acceptance above 195 kills the short idea.