Market Structure
Overall structure is bearish-to-range after a strong selloff.
Price made a rounded bottom from the Feb lows, then transitioned into a corrective rally.
The rally is retracing into a prior supply / resistance zone, not breaking structure yet.
Key Zones
Major Resistance / Supply: ~5,100 – 5,213
Marked clearly on your chart.
Previous breakdown zone → now acting as resistance.
Minor Resistance (Entry Zone): ~5,050 – 5,105
Price is currently reacting here.
Prior support turned resistance (classic S/R flip).
Support: ~4,650 – 4,700
Strong demand zone.
Previous reaction + liquidity pool.
Intermediate Support: ~4,905
Likely first pause or bounce area if rejection starts.
Price Action Story
The white path shows a corrective ABC-style move into resistance.
Momentum on the way up is weaker compared to the selloff (bearish sign).
No clean bullish break-and-hold above the resistance zone yet.
This favors a rejection rather than continuation.
Trade Idea (As Illustrated)
Bias: Short
Entry: Into 5,050 – 5,100 resistance
Invalidation: Clean 1H close and acceptance above ~5,213
Targets:
~4,905 (partial / scale-out)
~4,650 (main target / demand zone)
What Would Flip This Bullish?
Strong impulsive break above 5,213
Followed by a successful retest and hold
Until then → rallies are suspect.
Summary
This is a sell-the-rally setup into a well-defined resistance zone, aiming for a move back into demand. The chart is structured, levels are respected, and the risk is clearly defined — exactly how you want it.
Overall structure is bearish-to-range after a strong selloff.
Price made a rounded bottom from the Feb lows, then transitioned into a corrective rally.
The rally is retracing into a prior supply / resistance zone, not breaking structure yet.
Key Zones
Major Resistance / Supply: ~5,100 – 5,213
Marked clearly on your chart.
Previous breakdown zone → now acting as resistance.
Minor Resistance (Entry Zone): ~5,050 – 5,105
Price is currently reacting here.
Prior support turned resistance (classic S/R flip).
Support: ~4,650 – 4,700
Strong demand zone.
Previous reaction + liquidity pool.
Intermediate Support: ~4,905
Likely first pause or bounce area if rejection starts.
Price Action Story
The white path shows a corrective ABC-style move into resistance.
Momentum on the way up is weaker compared to the selloff (bearish sign).
No clean bullish break-and-hold above the resistance zone yet.
This favors a rejection rather than continuation.
Trade Idea (As Illustrated)
Bias: Short
Entry: Into 5,050 – 5,100 resistance
Invalidation: Clean 1H close and acceptance above ~5,213
Targets:
~4,905 (partial / scale-out)
~4,650 (main target / demand zone)
What Would Flip This Bullish?
Strong impulsive break above 5,213
Followed by a successful retest and hold
Until then → rallies are suspect.
Summary
This is a sell-the-rally setup into a well-defined resistance zone, aiming for a move back into demand. The chart is structured, levels are respected, and the risk is clearly defined — exactly how you want it.
Transaction en cours
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.