Setup overview
Price has been respecting a clear ascending support (LRL) and descending resistance (HRL), forming a tightening structure. We just rejected from the upper boundary of the Discounted Zone (highlighted in blue around 65,040–65,080).

That zone has acted as resistance on the previous push, and the current candle action shows sellers stepping in again right at the same level. The green MA is also starting to flatten/turn, supporting the idea that momentum is shifting lower.

Trade plan

• - Entry: Short in the Discounted Zone (~65,039 – 65,050 area)
  
• - TP1: 64,750 – 64,790 (first major horizontal + previous structure)
  
• - TP2: 64,345
  
• - TP3: 64,166 – 64,168 (final measured move / lower structure)
  

Risk is kept tight above the recent high / Discounted Zone top. If we close firmly back above ~65,100–65,120 with strength, the short is invalidated and I’ll step aside.

Looking for a clean rejection and continuation lower while price remains below the HRL. Will trail stops once TP1 is hit.

Let’s see if the bears deliver.

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