Downtrend Continuation Setup: Pullback Before Next Bearish Expansion
📝 Description:
The chart shows a clear strong bearish market structure, characterized by continuous lower highs and lower lows, confirming seller dominance. Price has already completed a significant downside move after a break of structure, reinforcing the downtrend.
Currently, price has reacted from a major demand zone, leading to a short-term bullish pullback. This movement looks corrective rather than a full reversal, suggesting the market may be retracing to grab liquidity before continuing the bearish trend.
Above current price, two key liquidity/target areas are marked:
First target around 98.79
Final target around 99.62
These levels act as potential zones where price may seek liquidity before any rejection. However, unless a strong bullish structure shift occurs, the overall bias remains bearish continuation after pullback
📝 Description:
The chart shows a clear strong bearish market structure, characterized by continuous lower highs and lower lows, confirming seller dominance. Price has already completed a significant downside move after a break of structure, reinforcing the downtrend.
Currently, price has reacted from a major demand zone, leading to a short-term bullish pullback. This movement looks corrective rather than a full reversal, suggesting the market may be retracing to grab liquidity before continuing the bearish trend.
Above current price, two key liquidity/target areas are marked:
First target around 98.79
Final target around 99.62
These levels act as potential zones where price may seek liquidity before any rejection. However, unless a strong bullish structure shift occurs, the overall bias remains bearish continuation after pullback
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Join My Telegram Channel Link 👇
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Join My Refferel Broker Link 👇
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Refferel code 👇
uvd1etcgg1
t.me/+1ZQHkdbFDw8yZWI0
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Refferel code 👇
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Related publications
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.