Analysis
š What we see on the chart
Clean rejection from premium (4758 Reaction Level)
Strong bearish displacement
CHoCH confirmed
Price is now:
below EMA200
at 0.382 equilibrium (~4628)
forming a small range (inducement)
š§ What price is doing
š Not a healthy pullback
š Building liquidity before continuation
ā”ļø Current range = trap for early buyers
š What to watch
š“ Main scenario (bearish continuation)
If range breaks:
TP2: 4553
0.618: 4522 (key level)
TP3: 4474
š¢ Alternative (bounce)
If:
reclaim above 4620ā4650
acceptance above EMA200
š possible deeper retracement
ā ļø Conclusion
š Structure + Reaction Levels + Fibonacci
= bearish continuation bias