$ESP
ESP Bearish Breakdown – Support Lost, Downside Momentum Building
has officially shifted into a short-term downtrend after confirming a bearish divergence, signaling weakening bullish momentum. Price failed to sustain higher levels and has now broken a key support zone, adding further confirmation to the bearish bias.
What’s happening on the chart?
Clear bearish divergence on the indicator (momentum fading)
Structure shift from higher highs to lower highs
Strong support level broken with downside pressure
Sellers currently in control
Trade Plan:
I am looking to enter a short position at CMP after the confirmed breakdown.
Risk management will remain the top priority.
Targets:
First target: Previous minor demand zone
Second target: Next strong support area
Invalidation:
If price reclaims the broken support and holds above it, the bearish setup will be invalid.
Always manage your risk properly. No trade is guaranteed.
If you agree with this setup or see something different, drop your thoughts in the comments
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