★ A+ Setup
Bearish Continuation
- Zone
- 6,800 - 6,790
- Trigger
- Clear acceptance below 6,800 (30min candle close).; Failure to reclaim 6,800 on a retest (wick rejection).; VWAP staying below price.
- Target
- 6,770 (T1) → 6,740 (T2) → 6,718 (Runner)
- Invalidation
- Structural invalidation: 6,815 (reclaim of the breakdown candle).
The failure at 6,850 trapped late longs. A breach of 6,800 triggers stop-loss cascades and forces momentum sellers into the tape.