Sell us30 Key Observations:
Market Structure:
Choch (Change of Character) marked → suggests a shift from bullish to bearish structure.
BOS (Break of Structure) below recent lows confirms bearish pressure.
Fair Value Gaps (FVGs):
H1 FVG and IFVG (Internal FVG) have already been touched and price reacted bearishly.
H4 FVG above is unmitigated, acting as a potential supply zone.
Weekly FVG above current price – could be a long-term draw on liquidity but not immediate.
Trendline (Support):
Price is approaching an ascending trendline acting as dynamic support around 41,890 area.
If this trendline holds, a bounce is possible before any further drop.
Price Action:
Strong bearish candles breaking through the H1 FVG.
Sell-side liquidity beneath equal lows and trendline may be the target.
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🧠 Bias Summary:
✅ Short-Term Bias: Bearish
Reason: BOS + Choch + strong downside momentum + fair value gap fills.
Expectation: Price may seek liquidity below the trendline (41,800–41,600 zone).
⚠️ Watch for a Potential Bounce:
At the trendline zone (41,880–41,900), possible reaction or retracement.
If a strong bullish reaction forms here with displacement, we could see a move back up to fill the H4 FVG.
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📍 Bias = Bearish, with potential for short-term retracement or liquidity sweep before continuation
