Overall structure is bearish (clear sequence of lower highs & lower lows).
The recent upside move is only a corrective pullback, not a trend reversal.
Price remains below key resistance zones, keeping sellers in control.
🧠 Key Concept (Marked Zones)
Minor Pullback Resistance (≈ 72,500 – 72,800):
Price reacted perfectly here → classic sell-the-rally zone.
Supply Zone (≈ 73,700 – 74,800):
Strong rejection expected if price reaches this area.
The impulsive drop from resistance confirms active supply.
📍 Key Levels
Resistance:
72,800 (intraday rejection)
73,700 – 74,800 (major supply)
Current Price: ~70,800
Downside Target:
70,300 (first target) 🎯
69,600 – 69,200 (liquidity zone / extended target)
📈 Trade Bias
Bias: Bearish continuation
Preferred Setup:
Sell on pullbacks into resistance
Or continuation sell below 70,300 after confirmation
Invalidation: Clean 15M close above 72,800
⚠️ What to Watch
If price fails to break 70,300, expect a short-term range.
Strong bullish acceptance above 72,800 would weaken the bearish idea.
🧾 Summary
Downtrend intact + pullback into supply + sharp rejection
➜ High-probability bearish continuation scenario
