🔸 Resistance Strong supply zone around 19,419.5–19,430 (previous high & breakout failure)
🔸 Bearish Structure If price fails to break and hold above 19,430, double top or lower high forms
🔸 Wick Rejection Multiple upper wicks near resistance could signal rejection and exhaustion
🔸 Volume Behavior Potential volume spike without follow-through → trap buyers
🔸 Momentum Divergence If momentum slows on retest of high, weakening bullish pressure
🔸 Bearish Structure If price fails to break and hold above 19,430, double top or lower high forms
🔸 Wick Rejection Multiple upper wicks near resistance could signal rejection and exhaustion
🔸 Volume Behavior Potential volume spike without follow-through → trap buyers
🔸 Momentum Divergence If momentum slows on retest of high, weakening bullish pressure
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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.