TIA · 1H · DOWNTREND
The structure here is clean and ugly — lower highs, lower lows all the way from the 0.4300 peak in early July down to current price near 0.3211. The selloff accelerated hard after the 0.3500 level gave way, and there's been no meaningful base formation — just a sharp flush into the 0.3100–0.3150 zone followed by a weak bounce that's already rolling over. I'm not touching the long side here, not even for a scalp. Every bounce on this chart has been a shorting opportunity, and that's exactly how I'm reading this one. The live news context is noise — none of those headlines are TIA-specific and they don't change my structural read at all.
SHORT SCENARIO
Confirmation
0.3300
Rejection at 0.3300–0.3320 resistance zone with a close back below 0.3260 confirms bearish continuation structure.
Invalidation
0.3500
Structure invalidated above 0.3500, which was the prior breakdown level and would signal demand is actually absorbing the move.
Target 1
0.3100
The recent swing low that briefly held before this bounce.
Target 2
0.3000
Psychological round number and next visible structural void below.
Risk/Reward
(0.3260 − 0.3100) / (0.3500 − 0.3260) = 0.0160 / 0.0240 = 0.7:1 at the conservative invalidation, but tightening stop to 0.3380 gives (0.3260 − 0.3100) / (0.3380 − 0.3260) = 1.3:1
Resistance: 0.3300–0.3320 / 0.3500
Support: 0.3100 / 0.3000
This is not financial advice. Content is AI-generated.