Detailed Forecast of the Market Trend Based on the Chart

1. Market Structure & Trend Analysis
• The chart clearly shows a strong downtrend forming after a prolonged bullish run.
• Multiple lower highs and lower lows confirm a bearish market structure.
• The market has broken through key support zones, indicating sustained selling pressure.

2. Key Observations
• Change of Character (ChoCH):
• There are multiple ChoCH levels, signaling shifts in market sentiment.
• The first ChoCH near the peak indicated the start of the downtrend.
• The second ChoCH at a support break confirms the bearish continuation.
• Liquidity Zones:
• The price has entered a demand zone but has shown no strong reversal signs yet.
• If buyers step in, a short-term relief bounce may occur.
• However, failure to hold this zone could lead to a deeper price decline.
• Volume Analysis:
• Increasing bearish volume suggests that sellers are still in control.
• Weak bullish attempts indicate a lack of buying strength.

3. Forecast & Scenarios

Bearish Continuation (High Probability)
• If the price stays below the recent support-turned-resistance, expect further downside.
• Next potential support levels:
• 21,800 - 22,000 region (psychological and technical support).
• If broken, 21,500 - 21,600 becomes the next target.

Short-term Relief Rally (Low Probability)
• If bullish volume increases in the demand zone, a pullback towards 22,500 - 22,700 is possible.
• However, strong resistance remains in this region, making it a potential shorting opportunity.

4. Trading Strategy
• For Short Sellers:
• Look for a pullback to resistance and enter short positions.
• Stop-loss above 22,700 to manage risk.
• Targets: 21,800, then 21,500.
• For Long Traders:
• Wait for strong bullish confirmation in the demand zone.
• If price shows bullish engulfing candles + high volume, a short-term bounce trade is possible.

Conclusion
• Overall, the market remains bearish, and any bounces are likely to be short-lived unless major buying volume appears.
• Traders should stay cautious and follow trend-based strategies rather than counter-trend trades.

Final Outlook
• Primary Bias: Bearish → Look for short opportunities on pullbacks.
• Secondary Bias: Bullish only if price shows strong reversal near 21,800 - 21,900.