Bearish Order Block (OB):
A key resistance zone is marked between 3,034 and 3,056. This is where strong selling previously occurred. If price revisits this zone, it may face rejection again — ideal for short entries.
• Supertrend Indicator:
The red Supertrend line indicates a bearish market condition, suggesting sellers are in control.
• Current Price Action:
Price is around 3,004 and rising toward the Bearish OB zone. Traders are watching for a rejection near this level.
• Trade Setup:
A short position is highlighted:
• Entry: Near OB zone (around 3,034)
• Stop-loss: Above 3,056 (red box)
• Take-profit: Around 2,956 (green box)
This shows a favorable risk-to-reward ratio.
A key resistance zone is marked between 3,034 and 3,056. This is where strong selling previously occurred. If price revisits this zone, it may face rejection again — ideal for short entries.
• Supertrend Indicator:
The red Supertrend line indicates a bearish market condition, suggesting sellers are in control.
• Current Price Action:
Price is around 3,004 and rising toward the Bearish OB zone. Traders are watching for a rejection near this level.
• Trade Setup:
A short position is highlighted:
• Entry: Near OB zone (around 3,034)
• Stop-loss: Above 3,056 (red box)
• Take-profit: Around 2,956 (green box)
This shows a favorable risk-to-reward ratio.
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.