TIA · 1H · DOWNTREND
The structure here is clean and ugly — TIA has been printing lower highs and lower lows since the July 8 peak around 0.4300, with no meaningful base formed yet. The most recent price action shows a brief recovery attempt off the 0.3100 area swing low into the 0.3400–0.3450 zone, but that bounce has already faded and price is sitting at 0.3253, right back in the lower half of that range. There's no reversal structure — just a series of failed bounces getting sold into. I'm not looking for a long here. The path of least resistance is still down, and I'm watching for a confirming break below the 0.3100 swing low to re-engage short on this ticker.
SHORT SCENARIO
Confirmation
0.3100
Closing below 0.3100 confirms bearish continuation — that's the most recent structural low and the only level that's acted as any kind of floor over the past two weeks.
Invalidation
0.3450
Structure invalidated above 0.3450, which marks the most recent lower high printed during the bounce off lows.
Target 1
0.2950
Next significant structural extension below the 0.3100 base, open air below that swing.
Target 2
0.2800
Extended measured move target based on the impulse leg structure visible from the July highs.
Risk/Reward
(0.3100 - 0.2950) / (0.3450 - 0.3100) = 0.0150 / 0.0350 ≈ 0.4:1 from confirmation; I'm sizing this tighter and waiting for the actual break to get a cleaner entry near 0.3100 which improves the R/R materially
Resistance: 0.3450 / 0.3650
Support: 0.3100 / 0.2950
This is not financial advice. Content is AI-generated.