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The updated chart shows a slightly higher chance than earlier today, but still low.
To flip 4H bullish:
Break 25,000
Retest and hold above
Form a Higher Low
BOS up
Daily RSI pushes above 55
If all this happens → the entire bias flips to bullish continuation.
Targets would be:
25,300
25,750
26,200
Right now, we are not in this breakout.
We’re still in a bearish structure area.
This is more likely now after seeing the updated chart.
Why?
Repeated HL attempts on 1H
Reduced bearish momentum
Buyers stepping in around 24,300
Volume tapering = range conditions
Range expectation:
Top: 24,650–24,750
Bottom: 24,200–24,320
What does range behaviour look like?
Messy candles
Whipsaws
RSI staying between 45–60
No clean break in either direction
Perfect place for “stop-hunts”
Good for:
Intraday scalp longs and shorts
Bad for:
Swing entries
High-confidence directional trades
Why this is now likely:
Price is approaching the exact 4H supply zone.
The bullish bounce shows no volume expansion, meaning weak buyers.
1H HL is good, but it’s forming inside premium, not discount.
RSI is mid-range → no momentum.
Expected Behaviour:
Price pushes slightly higher into 24,580–24,700
Smart money hunts stop-losses above intra-day highs
Rejection from 4H supply
Bearish BOS on 15m or 5m
Drop toward:
Targets:
T1: 24,350
T2: 24,150
T3: 23,900
T4: 23,700 (big HTF demand)
What confirms this scenario?
A break below 24,430 on 15m
A break of bullish micro-structure
A rejection wick on 1H from supply
This remains the MOST LIKELY scenario based on HTF structure.
🛡️ Support and Resistance Levels
Resistance 1: 24,460 (Daily High / Harmonic Completion)
Resistance 2: 24,525 (Weekly Extension)
Support 1: 24,380 (0.382 Fib)
Support 2: 24,310 (Key Pivot Zone)
🎯 Trade Setup & Forecast
Scenario A: Reversal (Short)
If price rejects 24,460 with bearish engulfing candle:
Entry: Below 24,440
Target 1: 24,380
Target 2: 24,310
Stop Loss: 24,485
Scenario B: Breakout (Long)
If price closes above 24,465 on 1H volume:
Entry: Retest of 24,465
Target: 24,550
Stop Loss: 24,420


