Description:
Structure: Price has been trending inside a descending channel on the 15‑minute chart. After a brief push above the midline, price is retesting the upper half of the channel.
Plan shown on chart: I’m looking for a sell on a lower‑timeframe rejection near the channel’s upper boundary / Entry Zone ~88,057 (blue line), in line with the prevailing intraday downtrend.
Invalidation: A break and hold above ~93,123 (red line) would invalidate this short setup and reassess the structure.
Targets: Stepped downside objectives (green lines) align with prior reaction areas and the lower channel:
T1: ~87,003
T2: ~86,031
T3: ~85,039
Context: Trend remains bearish within the channel until price accepts above the upper boundary and the invalidation area. I’ll wait for bearish reaction (wick/engulf/failed breakout) at the retest rather than pre‑empt.
Risk notes: This is a technical view only, not financial advice. I manage risk by sizing small and moving to break‑even after T1 is reached; if price closes above invalidation, I’m out and neutral.
Educational content, no solicitation. Levels are approximate; I’ll adapt to new price action.
DISCLAIMER : THIS IS FOR EDUCATIONAL PURPOSE NOT A FINANCIAL ADVICE
