The market recently broke below a rising trendline and exited a consolidation zone, signaling potential weakness.
📉 After the breakdown, price formed a lower high and is now retesting the 3,290–3,300 zone. If this minor resistance holds, we could see further bearish continuation.
🔷 Key Level to Watch:
Support around 3,212 — this is a major area where price previously reacted.
📉 Scenario:
Expecting a rejection from current levels, leading to a potential move toward the support zone. If 3,212 breaks, it may open doors to even lower targets.
💡 Trade Idea:
Wait for a confirmation (bearish structure) near the retest area. If confirmed, consider short setups with target around the support level.
✅ Always use proper risk management and confirm with your own analysis
📉 After the breakdown, price formed a lower high and is now retesting the 3,290–3,300 zone. If this minor resistance holds, we could see further bearish continuation.
🔷 Key Level to Watch:
Support around 3,212 — this is a major area where price previously reacted.
📉 Scenario:
Expecting a rejection from current levels, leading to a potential move toward the support zone. If 3,212 breaks, it may open doors to even lower targets.
💡 Trade Idea:
Wait for a confirmation (bearish structure) near the retest area. If confirmed, consider short setups with target around the support level.
✅ Always use proper risk management and confirm with your own analysis
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.