Strong Bearish Markdown From Resistance Point

May 1

Resistance Zone: 77,500 – 78,500
→ Strong rejection area, multiple failed attempts to break higher.
Support Zone 1: Around 74,000
Support Zone 2: Around 70,000
→ Marked as downside targets.
📉 Current Price Behavior
Price is forming lower highs after rejection.
Weak bullish pullbacks suggest seller dominance.
The recent bounce looks like a retest of broken structure.
📉 Bearish Scenario (Primary Bias)
If price rejects near 77K area:
Drop toward 74,000 (first target)
Break below → continuation to 70,000
This aligns with the drawn projection path.
📈 Bullish Scenario (Invalidation)
If price breaks and holds above 78,500:
Trend resumes bullish
Possible continuation toward new highs
🧠 Trading Insight
Market is shifting from trend → distribution → potential markdown
Best opportunities:
Sell on rejection from resistance zone
Or break-and-retest entry below 76K area

May 3

Trade active

congratulations traders market moved to nearer my analysis reached at resistance .
now wait to drop from resistance in bearish direction .