Market Context & Key Levels
*Target 1: 1590.50 (First Bullish Order Block).
*Target 2: 1546.75 (Major Bullish Order Block).
*Target 3: 1474.00 (Final extended target).
💡 Confirmation: If price fails to break 1643.50 and shows bearish rejection candles (e.g., Doji, Engulfing, or Pin Bar), the probability of a drop increases. Doji reformation on week end 7 march 2025
📌 Trade Setup #2: Breakout & Retest Above 1643.50 (Bullish Case)
Trade Type: Buy (Breakout Confirmation)
Entry: Buy above 1650 after a confirmed breakout. Stop-Loss: Below 1630 (Ensuring false breakout protection).
*Target 1: 1673.45 (Next Bearish Order Block).
*Target 2: 1705.25 (Major Resistance).
*Target 3: 1746.10
*(Extended Target if momentum is strong).Probability: Medium to High (Only if price closes strongly above 1645).
💡 Confirmation: Watch for strong bullish candles (Marubozu, Engulfing, or Breakout Retest Structure) above 1645 before entering.
📌 Trade Setup #3: Buy from Strong Support at 1590.50
Trade Type: Buy (Buy on Dip)
Entry: 1590 - 1595 zone (Bullish Order Block). Stop-Loss: Below 1575 (To avoid further downside risk)
*Target 1: 1630.70 (Current resistance).
*Target 2: 1643.50 (Bearish Order Block).
*Target 3: 1673.45 (Major Target).
*Probability: High (Buying near strong demand zones increases chances of a bounce).
💡 Confirmation: Look for bullish reversal candles (Pin Bar, Hammer, or Engulfing Candle) near 1590 before entering.
Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, and past performance does not guarantee future results. Do your own research, use risk management, and consult a financial advisor before making decisions. Trade at your own risk.
- Current Price: 1630.70
- Key Resistance Levels: 1643.50 → 1673.45 → 1705.25 → 1746.10
- Key Support Levels: 1590.50 → 1546.75 → 1474.00 → 1454.90
- 🎯 High-Probability 📌 Trade Setup #1: Bearish Rejection from 1643.50
- Entry: 1643.50 - 1645 zone (Bearish Order Block & 0.618 retracement). Stop-Loss: Above 1655 (To avoid false breakouts).
*Target 1: 1590.50 (First Bullish Order Block).
*Target 2: 1546.75 (Major Bullish Order Block).
*Target 3: 1474.00 (Final extended target).
💡 Confirmation: If price fails to break 1643.50 and shows bearish rejection candles (e.g., Doji, Engulfing, or Pin Bar), the probability of a drop increases. Doji reformation on week end 7 march 2025
📌 Trade Setup #2: Breakout & Retest Above 1643.50 (Bullish Case)
Trade Type: Buy (Breakout Confirmation)
Entry: Buy above 1650 after a confirmed breakout. Stop-Loss: Below 1630 (Ensuring false breakout protection).
*Target 1: 1673.45 (Next Bearish Order Block).
*Target 2: 1705.25 (Major Resistance).
*Target 3: 1746.10
*(Extended Target if momentum is strong).Probability: Medium to High (Only if price closes strongly above 1645).
💡 Confirmation: Watch for strong bullish candles (Marubozu, Engulfing, or Breakout Retest Structure) above 1645 before entering.
📌 Trade Setup #3: Buy from Strong Support at 1590.50
Trade Type: Buy (Buy on Dip)
Entry: 1590 - 1595 zone (Bullish Order Block). Stop-Loss: Below 1575 (To avoid further downside risk)
*Target 1: 1630.70 (Current resistance).
*Target 2: 1643.50 (Bearish Order Block).
*Target 3: 1673.45 (Major Target).
*Probability: High (Buying near strong demand zones increases chances of a bounce).
💡 Confirmation: Look for bullish reversal candles (Pin Bar, Hammer, or Engulfing Candle) near 1590 before entering.
Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, and past performance does not guarantee future results. Do your own research, use risk management, and consult a financial advisor before making decisions. Trade at your own risk.
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.