qgmdQatar German For Medical DevicesQSE:QGMDQQQQ9999The medium-term trend is bearish, following a clear rejection from the previous highs around 1.75–1.80. The current price action represents a corrective move within a broader downtrend, not a confirmed trend reversal. 🟦 Demand Zone (Support) The highlighted blue zone marks a strong historical demand area: Upper support: 1.417 Lower support: 1.282 This zone previously: Triggered strong bullish impulses Acted as a consolidation base Produced multiple upside reactions ➡️ It is a selective accumulation zone, not a blind-buy area. 🟧 Current Price Context Price is trading near the upper boundary of the demand zone (~1.42). The market is testing support: Holding above → potential rebound Daily close below → weakness increases 🔻 Scenarios ✅ Bullish Scenario (Conditional) Daily close holding above 1.417 Appearance of bullish rejection / weakening selling pressure Potential upside targets: 1.55 1.65 1.72 (major resistance) 📌 This would be a corrective rally, not a confirmed trend reversal unless higher highs are formed. ❌ Bearish Scenario Daily close below 1.417 Downside targets: 1.35 1.282 (key demand base) A break below 1.282 would indicate structural breakdown and higher downside risk.