The price has faced strong rejection from the key resistance zone near 4200, confirming the seller's dominance. The market structure has adopted a clear pattern of lower highs and lower lows, indicating the continuation of the bearish trend.
According to the principles of TradingView analysis:
the price is currently trading below the resistance level of 4080, showing bearish momentum.
A small pullback could occur before the next bearish leg.
The first target zone is located around 3920.
The final target zone is located around 3680, where the main support is found.
Trend: Bearish continuation.
Period: 30-minute chart.
Trading plan: Sell below 4080 after confirmation of a pullback.
