✅ Break above Monday high rejected, confirming resistance
✅ Structure is bearish — main scenario is return to Monday low ($221.56)
✅ Watch for reaction at target for partial profit taking
Active Scenario:
Hold/enter shorts while below Monday high
Target: $221.56 (Monday low)
Partial profit: On first touch of Monday low
Watch: Price reaction for potential reversal/setup at Monday low
🔔 Triggers & Confirmations:
Only consider reversal/long on strong bounce or reclaim at Monday low
Remain bearish while price is under Monday high
🚨 Risk Warning:
Local trend is bearish — don’t fight structure until reversal is confirmed
✅ Structure is bearish — main scenario is return to Monday low ($221.56)
✅ Watch for reaction at target for partial profit taking
Active Scenario:
Hold/enter shorts while below Monday high
Target: $221.56 (Monday low)
Partial profit: On first touch of Monday low
Watch: Price reaction for potential reversal/setup at Monday low
🔔 Triggers & Confirmations:
Only consider reversal/long on strong bounce or reclaim at Monday low
Remain bearish while price is under Monday high
🚨 Risk Warning:
Local trend is bearish — don’t fight structure until reversal is confirmed
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.