Bias: STRONG BEARISH
Unless bulls reclaim 3301–3305 with volume and candle strength, the next wave is likely down toward 3256, possibly 3240.
DAILY STRATEGIC PLAN (BASED ON CLOSE)
• Hypothetical Setup:
• Sell Limit: 3301.50
• TP1: 3256
• TP2: 3240
• SL: 3311
• Confidence: 85%
//////——-//////
PRICE ACTION PATTERN (DAILY)
• Big-ass rejection wick off the 3,300–3,305 supply zone.
• Printed a reversal candle (likely a long upper wick / inverted hammer), which screams:
“Buyers tried, sellers slammed the door in their face.”
• Bearish Momentum Short triggered at 3259.76, SL at 3372.08 = High-probability institutional entry.
TREND ANALYSIS
• Price is below:
• Fast EMA
• EMA50
• PP Center Line
• Hovering near demand zones → momentum fading
• This is a distribution phase on higher timeframe.
• Buyers can’t reclaim 3300 zone
• Sellers dominating every rally attempt
VOLUME ANALYSIS
• Volume on this daily candle: 932K, higher than average
• Bearish volume climax near rejection = institutional participation confirmed
• Volume MA around 746K → price closing under high-volume bar = weak close
KEY ZONES
• Resistance:
• 3301.74 (TP of earlier setups)
• 3305.73 (major kill zone)
• 3,448.39 (untouchable level unless macro shift)
• Support:
• 3283.18 (near-term demand zone)
• 3259.86 (major intraday support, breached = dump to 3245)
• EMA50 = 3056.16 (macro reversion target if breakdown starts)
• SuperTrend support = 2859.68 (long-term bear target)
INDICATOR FLOW
• Momentum: Bearish
• Cash Momentum: Red zone (2,969.79)
• RSI (CASH): 3,385.73 = Divergence brewing
• All moving averages above price = clear downward pressure
Unless bulls reclaim 3301–3305 with volume and candle strength, the next wave is likely down toward 3256, possibly 3240.
DAILY STRATEGIC PLAN (BASED ON CLOSE)
• Hypothetical Setup:
• Sell Limit: 3301.50
• TP1: 3256
• TP2: 3240
• SL: 3311
• Confidence: 85%
//////——-//////
PRICE ACTION PATTERN (DAILY)
• Big-ass rejection wick off the 3,300–3,305 supply zone.
• Printed a reversal candle (likely a long upper wick / inverted hammer), which screams:
“Buyers tried, sellers slammed the door in their face.”
• Bearish Momentum Short triggered at 3259.76, SL at 3372.08 = High-probability institutional entry.
TREND ANALYSIS
• Price is below:
• Fast EMA
• EMA50
• PP Center Line
• Hovering near demand zones → momentum fading
• This is a distribution phase on higher timeframe.
• Buyers can’t reclaim 3300 zone
• Sellers dominating every rally attempt
VOLUME ANALYSIS
• Volume on this daily candle: 932K, higher than average
• Bearish volume climax near rejection = institutional participation confirmed
• Volume MA around 746K → price closing under high-volume bar = weak close
KEY ZONES
• Resistance:
• 3301.74 (TP of earlier setups)
• 3305.73 (major kill zone)
• 3,448.39 (untouchable level unless macro shift)
• Support:
• 3283.18 (near-term demand zone)
• 3259.86 (major intraday support, breached = dump to 3245)
• EMA50 = 3056.16 (macro reversion target if breakdown starts)
• SuperTrend support = 2859.68 (long-term bear target)
INDICATOR FLOW
• Momentum: Bearish
• Cash Momentum: Red zone (2,969.79)
• RSI (CASH): 3,385.73 = Divergence brewing
• All moving averages above price = clear downward pressure
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
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.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
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.