*Trade Setup: Bearish Scenario (Short Trade): • Entry: Near current price (2,407) or on a retest of 2,450-2,500 if a pullback occurs. • Stop Loss: Above 2,500 or recent swing high (depends on risk tolerance). • Target: 2,200 (next support) or lower (1,800-2,000 zone). • Confirmation: Look for continued red Heikin-Ashi candles or a break below 2,400.
*Bullish Reversal (Long Trade - Low Probability Currently): • Entry: Only if price reclaims 2,600 and shows strong green Heikin-Ashi candles. • Stop Loss: Below 2,400. • Target: 2,800 or higher.
Wait for a pullback $2,400 to confirm rejection before entering short. - Monitor for reversal signals green Heikin-Ashi candles or bullish divergence if considering a long trade.