Price is reacting from the 1D resistance zone around 21,950 and now hovering near a 4H support zone at ~21,520.
• 1D Chart: Long wick rejection from resistance.
• 4H Chart: Break of rising wedge and rejection from 1H trendline.
• 1H & 23m Chart: Clear bearish order block formed. Price consolidating under broken structure.
Key Zones:
• Support: 21,500 / 21,325
• Resistance: 21,900 / 22,000
Bias: Bearish below 21,750. Retest of support expected.
• 1D Chart: Long wick rejection from resistance.
• 4H Chart: Break of rising wedge and rejection from 1H trendline.
• 1H & 23m Chart: Clear bearish order block formed. Price consolidating under broken structure.
Key Zones:
• Support: 21,500 / 21,325
• Resistance: 21,900 / 22,000
Bias: Bearish below 21,750. Retest of support expected.
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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.