Market next target
⚠️ Disruption Points:
1. Dubious Support Zone
The boxed zone (highlighted as support) shows multiple rejections but no clear bullish rejection candles (e.g., no hammer, bullish engulfing).
This may be a false base forming before another breakdown, especially with declining volume.
2. No Confirmed Reversal Pattern
The chart lacks a proper reversal structure like a double bottom, inverse head-and-shoulders, or bullish divergence.
A few sideways candles ≠ trend reversal—this might just be consolidation before further drop.
3. Weak Buyer Commitment
Volume has steadily decreased as the price attempted to base out.
If buyers were serious, we’d expect to see surging green volume bars, not this tapering activity.
4. Downtrend Still Dominant
The overall market structure is still lower highs and lower lows.
Jumping into a long trade against the trend without a confirmed break above the last swing high (≈1.13250) is premature.
5. Risk-Reward Imbalance
The arrowed path assumes an ideal rise without considering realistic pullbacks or market resistance.
If a stop is set below 1.12800 (support low) and the target is 1.13400, reward is tight compared to the risk, especially if price continues chopping sideways.
