10:20 — Responsive buying off support (not PE entry yet)
What I see:
- Strong green response from lower green demand zone (~490–495)
- Multiple lifted offers (green prints)
- Positive delta building below
- Sellers attempted lower auction and failed
Read:
This looks more like responsive buyers defending support, not initiative sellers in control.
For 76400 PE:
❌ No PE buy yet. Short-side thesis not confirmed.
10:21 — Buyers gain initiative
What stands out:
- Large volume cluster around 5040 / 6060
- Buy imbalance stacks showing
- Acceptance higher from prior bar
- Cumulative delta lifting
Read:
This is initiative buying, likely short covering + new buyers.
Professional read:
A lot of traders wrongly buy PE against this. That would be fighting flow.
For PE:
Avoid puts here.
10:22 — Pullback absorption, bullish still intact
Important:
- Pullback prints show absorption (buyers defending)
- 1360 / 1880 green responses stand out
- No real downside acceptance
- Pullback appears rotational, not reversal
This is classic:
pullback into bid support, not breakdown
Read:
Still no quality PE long.
10:23 — First warning of change
This is where it gets interesting.
What I notice:
- Heavy negative prints appearing (-940, -980)
- Sell pressure increases
- Higher prices not accepted cleanly
- Potential early exhaustion signs after auction higher
This is first place I start watching for PE idea, but not full trigger yet.
Bias shift:
- From bullish control
- To possible transition
Still:
⚠ premature PE entry here can be early.
10:24 — Critical decision bar (possible GOMI location)
This is the key bar.
Why:
- 4120 volume node
- rejection around highs
- -420 seller response
- signs of absorption overhead
This is where I’d ask:
Did buyers fail on retest?
If yes:
✅ This is first reasonable PE setup location.
GOMI-style entry:
- Enter only on failed retest after this bar confirms.
Not before.
10:25 — Trap / absorption warning
Very important.
Many would short here because:
- negative prints (-660 / -720)
- selling visible
But I see possible:
- absorption into selling
- not clean downside acceptance
- potential trap if entering late
My read:
⚠ Late PE chase here dangerous.
Could be UA trap candidate.
Professional sequence summary
10:20
Responsive buy defense
No PE
10:21
Initiative buyers
No PE
10:22
Pullback absorption
No PE
10:23
Transition begins
Watch only
10:24
Possible valid PE trigger (if retest fails)
Best setup
10:25
Late chase risk / possible trap
Avoid fresh PE
My best trade location
Best 76400 PE buy (if taken):
👉 10:24 failure, not 10:25 chase.
Stop:
Above 10:24 rejection high.
Targets:
- 510.75 node
- 505
- lower green demand
One thing I especially like:
Your chart shows cumulative delta diverging around 10:24–10:25, which is exactly where pros look for reversal setups.
That matters more than raw imbalance count.