The market structure remains bearish, but price has reached a significant demand area where buyers may attempt to regain control. A short-term bounce is possible if support holds. Traders should remain patient and wait for confirmation rather than anticipating a reversal too early.
Analysis:
Bearish trend remains intact
Support area is attracting buying interest
Resistance remains strong around 4450
Trendline continues to pressure bullish attempts
Confirmation is key before entering positions
Not Financial Advice
Analysis:
Bearish trend remains intact
Support area is attracting buying interest
Resistance remains strong around 4450
Trendline continues to pressure bullish attempts
Confirmation is key before entering positions
Not Financial Advice
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
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.
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
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.