$RIVER : The trend has turned. Sellers are attacking.
The chart speaks clearly: the bullish momentum has hit a wall. The attempt to hold above the highs has failed, followed by a strong pullback from the key zone of 50–52.
A long lower shadow on the pullback is not a sign of buyer strength. It is an indication that sellers have entered the game and are aggressively selling on the rises.
The technical shift on the 15-minute timeframe has become bearish. As long as the price remains below the pullback zone of 47.0 – 48.0, the pressure will be directed downwards.
Sell Zone (SELL): 47.0 – 48.0
Stop-loss (invalidating scenario): above 50.8
Target reductions (TP): 44.0 → 41.5
We enter a short on the retest of the new resistance zone (previous support). We use signs of weakness to confirm the entry. The stop is set above the last significant high, and we take profit at the levels.
