Bearish structure is developing: Price has broken the rising trendline and also broken down from the Inverted Flag & Pole pattern.
🔴 Bias: Bearish below 23,350–23,400
🔄 Ideal setup: Wait for a breakdown + retest + rejection around 23,300–23,400
🎯 Targets: 22,750 → 21,750 → 21,500
🛑 Invalidation: Sustained move back above 23,600–23,700
⚠️ Avoid chasing after a sharp fall; let the retest confirm the breakdown.
Key view: Trendline breakdown + Inverted Flag & Pole breakdown = bearish setup, but confirmation through retest is preferable.
DISCLAIMER:
For educational and informational purposes only. This is my personal technical analysis, not financial or trading advice or a recommendation to buy/sell. Do your own research before trading. Markets involve substantial risk, and all levels, targets and setups are illustrative and not guaranteed. Trade with proper risk management and never rely solely on this analysis.
Trade with logic. Risk with discipline.
Logic Trade Room
🔴 Bias: Bearish below 23,350–23,400
🔄 Ideal setup: Wait for a breakdown + retest + rejection around 23,300–23,400
🎯 Targets: 22,750 → 21,750 → 21,500
🛑 Invalidation: Sustained move back above 23,600–23,700
⚠️ Avoid chasing after a sharp fall; let the retest confirm the breakdown.
Key view: Trendline breakdown + Inverted Flag & Pole breakdown = bearish setup, but confirmation through retest is preferable.
DISCLAIMER:
For educational and informational purposes only. This is my personal technical analysis, not financial or trading advice or a recommendation to buy/sell. Do your own research before trading. Markets involve substantial risk, and all levels, targets and setups are illustrative and not guaranteed. Trade with proper risk management and never rely solely on this analysis.
Trade with logic. Risk with discipline.
Logic Trade Room
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.