AUS200 Potential Sell Setup

Sellers Missing, But Structure Is Alarming ⚠️

Weekly Overview:
Price is currently at a major resistance zone and formed a clear bearish pin bar last week, hinting potential downside pressure. This level has historically acted as a ceiling, so it's worth paying attention.

Daily Chart Insight:
Despite the bearish weekly signal, the daily timeframe hasn't confirmed seller presence yet. No strong bearish price action or momentum shift is visible at the moment.

4H Chart Setup:
Price is trading below the 50EMA, which is often the early sign of a possible trend change. However, we still haven’t seen solid selling pressure—no trendline break or bearish structure yet.

Plan:
🔹 Bias: Bearish
🔹 Entry: Wait for confirmation – look for 4H bearish structure break or trendline break below recent support.
🔹 Targets:
‣ First target: Near-term 4H support zone
‣ Second target: Daily support zone aligned with previous swing low
🔹 Invalidation: A clear break and close above last week's high will invalidate the setup.

📌 Patience is key – weekly shows intent, but daily and 4H need to confirm. No rush until sellers truly step in.