Oversold RSI vs. bearish wave count

The market shows strong bearish dominance with price (22,207.79) below all key moving averages (EMA200: 22,743.51).
3 Bearish Confirmations:
ADX 35.85 + -DI (36.59) > +DI (11.27) = strong downtrend
RSI 28.53 shows oversold but no reversal momentum
MACD (-139.49) remains below signal line (-116.26)
Price struggles below Camarilla pivot (22,680.36) with immediate resistance at 22,534.35 (R1)

Multiple POTENTIAL downward patterns identified (Flat/Downward Candidates & Diagonal Structures)
Recent wave structures suggest Wave 3 extension in progress below 22,207
Contradiction: Oversold RSI vs. bearish wave count suggests possible relief rally before continuation
Action: SELL LIMIT
Entry Zone: 22,680-22,800 (61.8% Fib of recent swing high)
TP1: 22,156 (S1) | TP2: 21,853 (S2 Classic)
Stop-Loss: 22,900 (above EMA200)
Risk/Reward: 1:3.5 to TP2
Position Size: Risk 1% capital (220 pips risk)
Investor Summary

High-risk buying opportunity only if:
Daily close > EMA200 (22,743)
MACD bullish crossover
RSI sustains > 45
Accumulation zone: 21,800-22,200 with tight stops