Key Levels
Resistance zone: 91,300 – 91,500
Multiple rejections here → strong supply
Local resistance: 91,160 – 91,260 (marked “Entry” on your chart)
Support: 90,300 – 90,400
Major downside target: ≈ 90,350 then potentially 89,800 if support fails
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Key Levels
Resistance zone: 91,300 – 91,500
Multiple rejections here → strong supply
Local resistance: 91,160 – 91,260 (marked “Entry” on your chart)
Support: 90,300 – 90,400
Major downside target: ≈ 90,350 then potentially 89,800 if support fails
Pattern Insight
The blue markings suggest a bearish continuation pattern (descending channel / bear flag).
Price is compressing under resistance → often precedes impulsive downside.
Liquidity likely rests below the 90,400 level.
Trade Bias (Based on Chart)
Bias: Short below resistance
Invalidation: Clean break and close above 91,500
Momentum confirmation: Strong bearish candle breaking 90,800
Risk Note
Price is currently in a decision zone → fake breakouts are possible.
Wait for confirmation (rejection candle or breakdown) rather than entering mid-range.
If you want, I can:
Refine entry / SL / TP
Add RSI / volume confirmation
Do multi-timeframe analysis (15m / 1H / 4H)