๐ Trend Analysis:
๐ด Downtrend confirmed by lower highs and lower lows.
๐ Descending trendline indicates continuous bearish pressure.
๐น Key Levels & Zones:
๐ต Resistance Zone (SBR + DBD) โ 144.123 ๐ (Sell Entry Point)
๐ Stop Loss โ 145.209 ๐ซ (Above resistance to avoid fake breakouts)
๐ข Target Point โ 139.694 ๐ฏ (Strong support area)
๐น Expected Price Action:
๐ธ Scenario:
๐บ Price moves up toward the resistance zone (๐ต SBR + DBD Zone)
๐ป Bears take control (Rejection expected)
โก Drop towards target at 139.694
๐ Trade Plan:
โ Entry โ Wait for rejection at 144.123 (๐ต)
โ Stop Loss โ Keep at 145.209 (๐๐บ)
โ Take Profit โ Aim for 139.694 (โ ๐ฏ)
๐ก Risk-Reward Ratio: Good (More reward than risk)
๐ด Downtrend confirmed by lower highs and lower lows.
๐ Descending trendline indicates continuous bearish pressure.
๐น Key Levels & Zones:
๐ต Resistance Zone (SBR + DBD) โ 144.123 ๐ (Sell Entry Point)
๐ Stop Loss โ 145.209 ๐ซ (Above resistance to avoid fake breakouts)
๐ข Target Point โ 139.694 ๐ฏ (Strong support area)
๐น Expected Price Action:
๐ธ Scenario:
๐บ Price moves up toward the resistance zone (๐ต SBR + DBD Zone)
๐ป Bears take control (Rejection expected)
โก Drop towards target at 139.694
๐ Trade Plan:
โ Entry โ Wait for rejection at 144.123 (๐ต)
โ Stop Loss โ Keep at 145.209 (๐๐บ)
โ Take Profit โ Aim for 139.694 (โ ๐ฏ)
๐ก Risk-Reward Ratio: Good (More reward than risk)
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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.