📈 Previous Trend
The market was in a strong uptrend, rising from a green demand zone (support) up to the red supply zone (resistance).
Price structure formed Higher Highs (HH) and Higher Lows (HL) before a sharp bearish reversal occurred.
🟥🟩 Supply & Demand Zones
Supply Zone (Resistance): 2,997 – 3,010 → price was rejected multiple times in this area.
Demand Zone (Support): 2,970 – 2,980 → strong buying reaction; currently being re-tested.
🔁 System Signals & Moving Averages
Multiple system-generated signals: Buy, Sell, Scalp Sell, Demand, and Supply labels are present.
A recent Buy signal appeared after a false breakdown/liquidity grab from the demand zone.
Short MA (likely EMA 20) is crossing below long MA (likely EMA 50) → signaling early bearish trend.
🔮 Forecast & Outlook
✅ Scenario 1: Bullish Rejection (Rebound)
Price is reacting positively from the 2,970 demand zone.
If the rejection is strong and price breaks above 2,985 – 2,990:
Short-term target: 2,997 – 3,010 (nearest supply zone)
Confirmation: Bullish H4 candle closes above EMA, and demand zone holds
❌ Scenario 2: Bearish Continuation (Breakdown)
If the price fails to hold above 2,970 and breaks down further:
Next downside targets: 2,960 – 2,950 or even 2,940
Confirmation: Strong bearish candle closes below demand zone with failed retest
The market was in a strong uptrend, rising from a green demand zone (support) up to the red supply zone (resistance).
Price structure formed Higher Highs (HH) and Higher Lows (HL) before a sharp bearish reversal occurred.
🟥🟩 Supply & Demand Zones
Supply Zone (Resistance): 2,997 – 3,010 → price was rejected multiple times in this area.
Demand Zone (Support): 2,970 – 2,980 → strong buying reaction; currently being re-tested.
🔁 System Signals & Moving Averages
Multiple system-generated signals: Buy, Sell, Scalp Sell, Demand, and Supply labels are present.
A recent Buy signal appeared after a false breakdown/liquidity grab from the demand zone.
Short MA (likely EMA 20) is crossing below long MA (likely EMA 50) → signaling early bearish trend.
🔮 Forecast & Outlook
✅ Scenario 1: Bullish Rejection (Rebound)
Price is reacting positively from the 2,970 demand zone.
If the rejection is strong and price breaks above 2,985 – 2,990:
Short-term target: 2,997 – 3,010 (nearest supply zone)
Confirmation: Bullish H4 candle closes above EMA, and demand zone holds
❌ Scenario 2: Bearish Continuation (Breakdown)
If the price fails to hold above 2,970 and breaks down further:
Next downside targets: 2,960 – 2,950 or even 2,940
Confirmation: Strong bearish candle closes below demand zone with failed retest
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.