1. Support Turned Resistance (STR)
• The price initially had a support zone that later got broken.
• After the breakdown, that same zone is now acting as resistance (highlighted grey zones).
• This confirms a bearish shift in structure.
2. BOS (Break of Structure)
• The BOS mark shows that a previous low was broken, indicating bearish market intent.
• This is often used by traders to confirm continuation in the downward direction.
3. Rejection Candle (Entry Point)
• After the BOS, the price retraced back into the resistance zone (previous support).
• A rejection candle formed inside that zone, signaling sellers are defending it.
• This is the entry trigger for a short trade.
4. Weak Low & Target
• The chart suggests that the recent low is weak and likely to be taken out.
• The target is placed below that weak low, expecting continuation to the downside.
Trade Idea Summary
• Bias: Bearish
• Entry: On rejection candle at support-turned-resistance.
• Confirmation: BOS already occurred, validating bearish structure.
• Target: Below weak low (marked).
• Stop Loss: Should be placed slightly above the resistance zone (not shown but recommended).
This setup is a classic support-turned-resistance with BOS confirmation—a strong bearish continuation pattern.
• The price initially had a support zone that later got broken.
• After the breakdown, that same zone is now acting as resistance (highlighted grey zones).
• This confirms a bearish shift in structure.
2. BOS (Break of Structure)
• The BOS mark shows that a previous low was broken, indicating bearish market intent.
• This is often used by traders to confirm continuation in the downward direction.
3. Rejection Candle (Entry Point)
• After the BOS, the price retraced back into the resistance zone (previous support).
• A rejection candle formed inside that zone, signaling sellers are defending it.
• This is the entry trigger for a short trade.
4. Weak Low & Target
• The chart suggests that the recent low is weak and likely to be taken out.
• The target is placed below that weak low, expecting continuation to the downside.
Trade Idea Summary
• Bias: Bearish
• Entry: On rejection candle at support-turned-resistance.
• Confirmation: BOS already occurred, validating bearish structure.
• Target: Below weak low (marked).
• Stop Loss: Should be placed slightly above the resistance zone (not shown but recommended).
This setup is a classic support-turned-resistance with BOS confirmation—a strong bearish continuation pattern.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.