Market Structure (Current Read)
Overall trend: Bearish
Price is making lower highs & lower lows after rejection near 25,690–25,720 (0.618 zone).
Currently consolidating around 25,400–25,450 — this is a decision zone.
Key Levels
Resistance
25,480 – 25,520 (intraday supply)
25,600
25,690–25,720 (major sell zone)
Support
25,360
25,400 (current base)
25,220 (Fib -0.382, strong target)
Below that: 25,100
Trade Plan (High-Probability)
Scenario 1 — Sell the Pullback (Preferred)
Sell: 25,450–25,500
Stop Loss: 25,620
Targets:
T1: 25,360
T2: 25,220
T3: 25,100
Reason: Trend bearish + supply above + structure breakdown.
Scenario 2 — Breakdown Trade
If 15-min candle closes below 25,380:
Sell on retest
SL: 25,480
Target: 25,220 → 25,100
Scenario 3 — Bullish Only If
Price sustains above 25,620
Then target: 25,720 → 25,880
(Currently low probability)
What Your Projection Shows (Correct Read)
Your yellow path suggests:
Sideways chop near 25,400
Then down move toward 25,220
This aligns with current bearish continuation bias.
Intraday Bias
Sell on rise until 25,620 breaks.
Overall trend: Bearish
Price is making lower highs & lower lows after rejection near 25,690–25,720 (0.618 zone).
Currently consolidating around 25,400–25,450 — this is a decision zone.
Key Levels
Resistance
25,480 – 25,520 (intraday supply)
25,600
25,690–25,720 (major sell zone)
Support
25,360
25,400 (current base)
25,220 (Fib -0.382, strong target)
Below that: 25,100
Trade Plan (High-Probability)
Scenario 1 — Sell the Pullback (Preferred)
Sell: 25,450–25,500
Stop Loss: 25,620
Targets:
T1: 25,360
T2: 25,220
T3: 25,100
Reason: Trend bearish + supply above + structure breakdown.
Scenario 2 — Breakdown Trade
If 15-min candle closes below 25,380:
Sell on retest
SL: 25,480
Target: 25,220 → 25,100
Scenario 3 — Bullish Only If
Price sustains above 25,620
Then target: 25,720 → 25,880
(Currently low probability)
What Your Projection Shows (Correct Read)
Your yellow path suggests:
Sideways chop near 25,400
Then down move toward 25,220
This aligns with current bearish continuation bias.
Intraday Bias
Sell on rise until 25,620 breaks.
Trade closed: target reached
mkt followed yellow line 
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.