📉 Market Structure
Price is moving inside a descending channel, which confirms a bearish overall trend.
Each rally is making lower highs, showing sellers are in control.
The recent push up is corrective, not impulsive → typical of a downtrend.
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📐 Key Technical Zones
🔴 Resistance (Sell Zone)
Price is currently testing the upper trendline of the descending channel.
There is a horizontal resistance aligning with this trendline → strong confluence.
Multiple rejections from this area in the past = high-probability sell zone.
🟢 Support / Liquidity Zones
First downside target: previous range low (local support).
Main liquidity zone marked below → sell-side liquidity resting there.
Strong impulse move previously left imbalance, likely to be filled.
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🔻 Pattern Insight
Price formed a rising wedge / corrective structure inside a bearish channel.
This is a classic bearish continuation pattern.
The arrow and SELL marking indicate rejection confirmation, not anticipation.
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🧠 Smart Money Concept (SMC View)
Break in minor bullish structure → Change of Character (ChoCH).
Price tapped premium zone of the range.
Institutions likely distributing before pushing price lower.
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✅ Trade Idea (Example – Not Financial Advice)
Bias: SELL
Entry: Rejection / bearish candle at resistance
Stop Loss: Above channel high
Targets:
TP1: Range low
TP2: Liquidity zone
TP3: Extended imbalance fill
Price is moving inside a descending channel, which confirms a bearish overall trend.
Each rally is making lower highs, showing sellers are in control.
The recent push up is corrective, not impulsive → typical of a downtrend.
---
📐 Key Technical Zones
🔴 Resistance (Sell Zone)
Price is currently testing the upper trendline of the descending channel.
There is a horizontal resistance aligning with this trendline → strong confluence.
Multiple rejections from this area in the past = high-probability sell zone.
🟢 Support / Liquidity Zones
First downside target: previous range low (local support).
Main liquidity zone marked below → sell-side liquidity resting there.
Strong impulse move previously left imbalance, likely to be filled.
---
🔻 Pattern Insight
Price formed a rising wedge / corrective structure inside a bearish channel.
This is a classic bearish continuation pattern.
The arrow and SELL marking indicate rejection confirmation, not anticipation.
---
🧠 Smart Money Concept (SMC View)
Break in minor bullish structure → Change of Character (ChoCH).
Price tapped premium zone of the range.
Institutions likely distributing before pushing price lower.
---
✅ Trade Idea (Example – Not Financial Advice)
Bias: SELL
Entry: Rejection / bearish candle at resistance
Stop Loss: Above channel high
Targets:
TP1: Range low
TP2: Liquidity zone
TP3: Extended imbalance fill
Order storniert
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Join our Telegram channel for Forex & Gold education, market analysis, and free trading updates: t.me/+QSOT9N_4BxVjZGNk
Join our Telegram channel for 3–5 daily Gold signals and professional market.
t.me/+QSOT9N_4BxVjZGNk
Join our Telegram channel for 3–5 daily Gold signals and professional market.
t.me/+QSOT9N_4BxVjZGNk
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.