🔹 Trade Setup:
Sell Entry: 33,196.164
Stop Loss: 33,707.466 (above key resistance zone)
Take Profit 1 (T1): 31,693.736
Take Profit 2 (T2): 31,300.428
🔍 Chart Overview:
The index recently made a lower high around the 33,600 area, which aligns with a historical resistance zone.
There is a visible bearish rejection wick at the top, suggesting strong selling pressure near resistance.
The current structure shows signs of forming a bearish reversal pattern, possibly a head-and-shoulders or double top.
📈 Momentum & Price Action:
Price has failed to sustain above the 33,472–33,605 supply zone.
Bearish divergence is likely forming on lower timeframes (not visible on chart but typical in such setups).
The down arrow on the chart points to expected movement toward key support zones.
📊 Strategy & Risk Management:
Risk: ~511 points
Reward to T1: ~1,503 points
Reward to T2: ~1,895 points
Risk/Reward: Strong (Minimum 1:3)
A break below 32,900 may trigger strong bearish continuation toward the first target.
📌 Summary:
✅ Good short opportunity below 33,200 with confirmation.
✅ Targets are well-placed at historical support levels.
❗ Use tight risk management; stop loss above 33,707 is critical.
Sell Entry: 33,196.164
Stop Loss: 33,707.466 (above key resistance zone)
Take Profit 1 (T1): 31,693.736
Take Profit 2 (T2): 31,300.428
🔍 Chart Overview:
The index recently made a lower high around the 33,600 area, which aligns with a historical resistance zone.
There is a visible bearish rejection wick at the top, suggesting strong selling pressure near resistance.
The current structure shows signs of forming a bearish reversal pattern, possibly a head-and-shoulders or double top.
📈 Momentum & Price Action:
Price has failed to sustain above the 33,472–33,605 supply zone.
Bearish divergence is likely forming on lower timeframes (not visible on chart but typical in such setups).
The down arrow on the chart points to expected movement toward key support zones.
📊 Strategy & Risk Management:
Risk: ~511 points
Reward to T1: ~1,503 points
Reward to T2: ~1,895 points
Risk/Reward: Strong (Minimum 1:3)
A break below 32,900 may trigger strong bearish continuation toward the first target.
📌 Summary:
✅ Good short opportunity below 33,200 with confirmation.
✅ Targets are well-placed at historical support levels.
❗ Use tight risk management; stop loss above 33,707 is critical.
Trade active
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.