$SNDK is in a 4h downtrend, but the latest candle is testing the decision area rather than offering a clean directional confirmation.
The structure is bearish: the chart has printed lower highs from 1,908.45 to 1,814.09, 1,806.55, 1,742.40 and 1,718.20. the latest confirmed low is 1,660.86, followed by a lower low at 1,618.82 in the read window. the falling resistance line remains intact, with four touches and a projected value near 1,714.73 at the latest bar.
the key area is H4 in play at 1,709.18 to 1,721.61. the last finished 4h candle closed at 1,710.81 on 7 Oct 18:00 GMT+6, inside that zone and still below H4 falling resistance. the current 4h candle is live near 1,700.05, so it does not confirm a break or rejection yet.
below price, H4 support is 1,677.67 to 1,690.85, with five visits. a finished close below 1,677.67 would weaken the rebound and expose the next support around 1,660.17 to 1,666.97. above price, a finished close through 1,721.61 would be the first improvement, but the falling line still has to be cleared. the broader volume-by-price acceptance area is coarse, centred around 1,754.12 to 1,784.98, so it is overhead resistance context rather than a precise level.
the immediate read is bearish-to-neutral at resistance: the downtrend remains intact, but price is inside H4 in play and has not yet confirmed continuation. the live candle at 1,700.05 is separate from the last finished close and cannot confirm the move.
The structure is bearish: the chart has printed lower highs from 1,908.45 to 1,814.09, 1,806.55, 1,742.40 and 1,718.20. the latest confirmed low is 1,660.86, followed by a lower low at 1,618.82 in the read window. the falling resistance line remains intact, with four touches and a projected value near 1,714.73 at the latest bar.
the key area is H4 in play at 1,709.18 to 1,721.61. the last finished 4h candle closed at 1,710.81 on 7 Oct 18:00 GMT+6, inside that zone and still below H4 falling resistance. the current 4h candle is live near 1,700.05, so it does not confirm a break or rejection yet.
below price, H4 support is 1,677.67 to 1,690.85, with five visits. a finished close below 1,677.67 would weaken the rebound and expose the next support around 1,660.17 to 1,666.97. above price, a finished close through 1,721.61 would be the first improvement, but the falling line still has to be cleared. the broader volume-by-price acceptance area is coarse, centred around 1,754.12 to 1,784.98, so it is overhead resistance context rather than a precise level.
the immediate read is bearish-to-neutral at resistance: the downtrend remains intact, but price is inside H4 in play and has not yet confirmed continuation. the live candle at 1,700.05 is separate from the last finished close and cannot confirm the move.