Bearish Disruption Analysis:
1. Weak Breakout Confirmation:
Although price broke above the red consolidation zone, it quickly pulled back within the range, suggesting a false breakout or bull trap.
The current red candle closing back into the range hints at bullish exhaustion.
2. Volume Divergence:
Note the declining volume on the recent upward push compared to the initial breakout on the 20th.
Lower volume during a breakout typically signals lack of conviction, weakening the bullish case.
3. Resistance Cluster:
The price is stalling just above the 3306 level — possibly facing resistance from previous highs or round-number psychological resistance.
Bears may take control if price fails to hold above 3300.
4. Potential Bearish Scenario:
Price re-enters the consolidation range and breaks below it.
Target zones could be:
3,290 (local support from the range base)
3,270 (previous minor support)
Further down toward 3,250 if momentum builds.
1. Weak Breakout Confirmation:
Although price broke above the red consolidation zone, it quickly pulled back within the range, suggesting a false breakout or bull trap.
The current red candle closing back into the range hints at bullish exhaustion.
2. Volume Divergence:
Note the declining volume on the recent upward push compared to the initial breakout on the 20th.
Lower volume during a breakout typically signals lack of conviction, weakening the bullish case.
3. Resistance Cluster:
The price is stalling just above the 3306 level — possibly facing resistance from previous highs or round-number psychological resistance.
Bears may take control if price fails to hold above 3300.
4. Potential Bearish Scenario:
Price re-enters the consolidation range and breaks below it.
Target zones could be:
3,290 (local support from the range base)
3,270 (previous minor support)
Further down toward 3,250 if momentum builds.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.