Price is currently trading around 77.43, after a sharp rejection from the 82–86 area.

The main structure I am watching is the 78.0–79.2 zone, which previously acted as support and is now being tested from below. This creates a potential support-turned-resistance area.

Bearish scenario:
If price retests the 78–79.2 zone and fails to reclaim it on a 4H closing basis, the next area of interest is the 69.5–71.0 demand zone, where the chart shows a 4H FVG + order-block area.

Bullish invalidation / alternative scenario:
A sustained 4H reclaim above the 78–79.2 resistance area would weaken the immediate bearish setup. In that case, attention shifts toward the 82.8–84.8 gap area, followed by the recent swing-high region.

Key levels

• Resistance: 78.0–79.2
• Higher resistance / gap: 82.8–84.8
• Demand: 69.5–71.0
• Current price: approximately 77.4

The preferred setup is therefore conditional rather than predictive: rejection from 78–79.2 keeps the downside scenario in focus, while a confirmed reclaim of that zone changes the structure.

This analysis is based on the visible 4H market structure, liquidity areas and imbalance zones on the chart. It is an educational market view, not a guarantee of future price movement or investment advice.