Over the weekly timeframe, the pattern shows strong selling pressure with a sequence of lower highs and lower lows. The last few weeks have seen consistent red candles, indicating a steady downtrend. This suggests that the overall market sentiment is weak, and buyers are unable to sustain any upward momentum.
On the daily chart, the price action mirrors this downtrend with sharp bearish moves and limited recoveries. The recent few days have shown continuous red candles, further supporting the bearish stance. Shorter rallies have been sold off quickly, reinforcing the negative sentiment seen on the weekly chart.
Both charts show a lack of consolidation, meaning there is no significant base-building or pause in the selling. The absence of reversal patterns like hammers or dojis further supports the idea that sellers remain firmly in control.
Overall, the combined view of daily and weekly charts highlights a consistent bearish momentum, with no clear signs of a trend reversal in the short or medium term.
Note - As of now I don't have much data that's why there is no trading level for Monday.
On Sunday evening I'll upload with refined analysis.
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