Bearish Trend Pauses as Price Builds a Base Above Major Support

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Bearish Trend Pauses as Price Builds a Base Above Major SupportOn average 1 drop occurs in the price series every 600 ticksDERIV:CRASH_600_INDEXSir_Stylez_The dominant market structure remains bearish, with the chart continuing to display a sequence of Lower Highs (LH) and Lower Lows (LL). After breaking below several support levels, price found strong buying interest around 22,600, producing the first meaningful reaction from buyers. Key observations include: Buyers successfully defended the 22,600–22,700 demand zone, preventing another wave of selling. Price is consolidating between 22,800 support and 23,200 resistance, showing equilibrium after the strong bearish impulse. The previous bearish trendline has been broken, but the market has yet to produce a confirmed Higher High that would signal a structural reversal. Recent Higher Lows inside the range suggest buyers are gradually absorbing selling pressure, although the broader bearish sequence has not been invalidated. Momentum has stabilized, but sellers still retain the broader advantage while price remains below the major resistance zone around 23,200–23,300.