With price trading new lower level of range around 1500 with strength in complete control of sellers (from analyzer) and trend maintaining in bearish territory, odds favor breakdown.
SL will taken when POS (Trendline) is breached on closing basis on 1 timeframe lower i.e. 15min.
Major Trend: Downtrend
Intermediate : Sideways (marking as Pullback of Major Trend)
Structure: Squeeze
Setup: Squeeze breakdown with high momentum bar.
Entry:
1) On retest of POS
2) on Follow-thru