BE: Trend Structure Still Points Lower

Price has reached key resistance levels for the first wave of this bounce to finish itself.

We expect a local higher low to form early next week, with potential for one more bounce back into the 240–260 region before a new downside wave pulls price deeper into macro support: 115-80

Chart (Daily):


Chart (Weekly):


Our archive analysis of the trend structure:

• On downside reversal (Jul 7):

Weekly:

• On local support (Jul 20):

• On local resistance (Jul 23):

• On a larger degree bounce (Jul 30):

• Previously on macro price structure and resistance level (Oct 2025):

https://www.tradingview.com/chart/BE/dzq2gSYo-BE-price-in-important-resistance-zone/