
$ILY is retesting a supply zone that marked the origin of the prior decline.
Trading Plan Short $ILY
Entry: 0.590 – 0.591
SL: 0.598
TP1: 0.578
TP2: 0.560
TP3: 0.535
The recovery has carried price into a region where sellers have historically defended with strength. The market is now trading beneath a significant pool of overhead liquidity while momentum starts to flatten out. If rejection occurs, the path opens for a move back toward the recent demand zones.
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