Chart Overview
- Timeframe: September 25 – November 6
- Period: 4Hours
- Current Price Zone:Just below key resistance at 25714.00
- Key Zones Identified:
- 🔴 Supply Zone (Resistance): 25714.00 and above price has previously reversed here.
- 🟤 Demand Zone (Support):Lower region marked by brown rectangle historical bounce zone.
- 🔵 Secondary Support Zones: Below current price, marked by dashed lines and blue shading.
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📈 Price Action Insights
- Price is currently hovering near resistance, showing signs of exhaustion.
- The red arrow suggests a potential bearish move toward the demand zone.
- If price reaches the demand zone, the second red arrow indicates a possible bullish reversal from that level.
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Signal Setup
🔻 Sell Setup (Short-Term)
- Entry: Near 25700–25800 (resistance zone)
- Stop Loss: Above 26000 (to avoid false breakouts)
- Take Profit: 24800–24500 (demand zone)
- Confidence Level:80%
Reason: Strong historical resistance, bearish pressure, and clean supply zone rejection.
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🔺 Buy Setup (Reversal Play)
- Entry:Around 24500–24800 (demand zone)
- Stop Loss: Below 24200
- Take Profit: 25500–25700 (back to resistance)
Confidence Level:65%
Reason: Depends on price reaction at demand zone; confirmation needed via bullish candlestick or volume spike.
🧠 Pro Tips
- Wait for confirmation candles (e.g., bearish engulfing at resistance or bullish pin bar at support).
- Use risk management: 1–2% per trade max.
- Monitor volatility spikes — VIX 25 can move aggressively.