★ A+ Setup
Lower High Rejection
- Zone
- 6,700 – 6,718 (Daily 200 SMA Cluster)
- Trigger
- Failed breakout of 6,700 or a "look above and fail" at 6,718.; 30m candle close back below the 200 SMA after an initial test.; Confirmation: Heavy selling absorption or aggressive offer hitting at the pivot.
- Target
- 6,650 → 6,600
- Invalidation
- Daily close above 6,720.; Why: Highest probability setup aligning with dominant bearish momentum using the 200 SMA as a risk-defined pivot.