Market next target Original Analysis Summary:
Support area at ~1.1400 holding price.
Expectation: Bounce off support and continuation to higher target.
Arrows indicate a bullish bias after minor retracement.
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Disruptive Bearish Interpretation:
1. Exhaustion at Top:
Strong upward rally could be showing signs of buying exhaustion, especially after the sharp vertical move.
The current top wick suggests rejection from higher levels.
2. Bearish Reversal Candles:
If a shooting star or bearish engulfing pattern forms near the target area, it could signal a reversal.
The current candle shows a long wick, which often precedes pullbacks.
3. False Breakout Risk:
The price could have broken above a resistance level only to trap breakout buyers before reversing downward.
This would trigger a move below the red box (support area).
