Chart Pattern Analasis 1D Timeframe

Rising Wedge → clearly broken to the downside.

Bearish flag forming after wedge breakdown (continuation).

Fibonacci Retracement drawn from recent low (~3,118) to high (~3,499).

Price currently around the 0.5 Fib level at ~3,308, which is now acting as resistance.

✅ Trading Idea: Short Position (Sell Setup)
🔻 Sell Entry:
Around 3,308–3,318 USD (0.5 Fib level resistance / flag top).

🎯 Targets:
TP1: 3,263 (0.382 Fib)

TP2: 3,208 (0.236 Fib)

TP3: 3,118 (Fibonacci base / major support)

TP4 (Extended): 2,978 (Projected flag breakdown target)

🛑 Stop Loss:
Above 3,353 (0.618 Fib) or above recent swing high (~3,330–3,340).

Ideal SL: ~3,360 USD

🧮 Risk-Reward Ratio:
~1:2 or 1:3 depending on TP level chosen.

🟩 Alternate Scenario – Buy Setup (Reversal Play)
📈 Buy Entry:
If price hits and holds 3,168 or 3,118, monitor for bullish reversal candlestick (like a pin bar or bullish engulfing).

🎯 Targets:
TP1: 3,208 (Fib 0.236)

TP2: 3,263 (Fib 0.382)

TP3: 3,308 (Fib 0.5)

🛑 Stop Loss:
Below 3,100 USD (break of long-term support)