📌 Structure & Price Pattern
- Still forming lower highs & lower lows.
- Signs of a potential reversal are appearing, but the overall structure remains bearish.
- Based on Elliott Wave count, it may still be completing a major 5th wave down.
- As long as the upper trendline holds, downside pressure remains.
📈 Technical Indications
- Bearish momentum still dominant despite a Bullish Divergence on the Daily timeframe.
- Weekly timeframe shows price is struggling near resistance areas, although still above EMA.
- On M30, price remains under pressure even if it's hovering near EMA.
⏰ Key Timing
- Peak reversal expected around *April 15* (Monday–Tuesday), potential swing high ➜ correction ➜ sideways ➜ continuation down.
📍 Key Levels
- 🔽 Bearish Confirmation: If price breaks below *82,700*, expect further downside towards:
- 🎯 Target 1: 79,000
- 🎯 Target 2 (final): 76,000
🚀 Focus:
• Reversal expected on April 15
• Break below 82.7k = short-term sell
• Downtrend remains intact unless major structure breaks
- Still forming lower highs & lower lows.
- Signs of a potential reversal are appearing, but the overall structure remains bearish.
- Based on Elliott Wave count, it may still be completing a major 5th wave down.
- As long as the upper trendline holds, downside pressure remains.
📈 Technical Indications
- Bearish momentum still dominant despite a Bullish Divergence on the Daily timeframe.
- Weekly timeframe shows price is struggling near resistance areas, although still above EMA.
- On M30, price remains under pressure even if it's hovering near EMA.
⏰ Key Timing
- Peak reversal expected around *April 15* (Monday–Tuesday), potential swing high ➜ correction ➜ sideways ➜ continuation down.
📍 Key Levels
- 🔽 Bearish Confirmation: If price breaks below *82,700*, expect further downside towards:
- 🎯 Target 1: 79,000
- 🎯 Target 2 (final): 76,000
🚀 Focus:
• Reversal expected on April 15
• Break below 82.7k = short-term sell
• Downtrend remains intact unless major structure breaks
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.