**SI Notes from Recent High Frame Price action 5/4-5/4**

**SI Notes from Recent High Frame Price action 5/4-5/4**

* SI is currently trading around **72.60**, continuing to respect a **clear bearish trend structure**.
* Structure has shifted decisively:

* From prior bullish expansion → **breakdown and trend reversal**
* Now printing **lower highs and lower lows**
* Clean respect of the **descending trendline (solid bright blue)**
* Recent price action shows:

* Rejection near **76.50 – 80.80 zone**
* Followed by **continued selling pressure**
* Now consolidating just above key support
* This is **bearish consolidation**, not accumulation — trend remains lower.

Overall structure is **bearish with continuation unless resistance is reclaimed**.

**Levels I’ve been tracking**

* **97.15**: Extended upside level
* **90.46**: Major overhead resistance
* **80.80**: Key structure resistance
* **76.50**: Upper resistance
* **73.80**: Immediate resistance
* **72.60**: Current price area
* **68.49**: Key support
* **62.20**: Major downside target
* **55.00 – 50.00**: Extended downside zone

**Volume and behavior notes**

* The downside move came with **increasing volume**, confirming seller strength.
* Current consolidation is:

* **Under resistance**
* Not showing strong buyer participation
* The **descending trendline continues to cap price**, reinforcing bearish control.
* Continued rejection below **73.80 – 76.50** keeps pressure toward **68.49 → 62.20 → 55.00**.
* A reclaim above **76.50** is required to shift momentum.

**Overall read from my notes**

SI remains in a **clear bearish structure with consistent lower highs**.

The key range is:

**68.49 → 76.50**

Below **68.49** → continuation toward **62.20 → 55.00 → 50.00**
Above **76.50** → potential **relief rally and structure shift attempt**