🔎 Candlestick & Price Action Explanation
1️⃣ Big Red Impulsive Candle (Left Side)
This is a strong bearish momentum candle
Shows aggressive sellers, breaking structure down
Usually creates a bearish order block / supply above
➡️ This tells us the main trend is bearish
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2️⃣ Consolidation at the Bottom (85,500–86,000)
Small candles with wicks
Indicates selling pressure slowing, buyers defending
This is a temporary support, not a trend reversal yet
➡️ This looks like bearish pause, not bullish reversal
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3️⃣ Current Price Action (~87,700)
Price made a pullback upward
Candles are small-bodied, wicky, overlapping
This is weak bullish momentum
➡️ Looks like a pullback into resistance, not strong continuation up
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📉 Is This Good to SHORT?
✅ SHORT BIAS is VALID IF:
Price rejects 88,000 – 88,500 area
You see:
Bearish engulfing
Long upper wicks
Strong red close on 1H
📍 That zone is acting as previous support → now resistance
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❌ NOT GOOD to SHORT IF:
Strong bullish candle closes above 88,800–89,000
That would mean bearish idea is invalidated
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🎯 Example Short Plan (Educational)
Entry: 88,000–88,500 rejection
Stop loss: Above 89,000
Targets:
TP1: 86,500
TP2: 85,500 (liquidity zone)
➡️ RR still looks favorable for shorts, not buys
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🧠 Final Bias
Trend: Bearish
Current move: Pullback
Bias: 🔴 SHORT on rejection, not market sell
Patience: Wait for confirmation candle
