The chart suggests a Wave C completion at the upper boundary of the rising channel, signaling a potential bearish reversal.

🔹 The price has reached a key resistance zone, completing an ABC corrective structure.
🔹 A sharp decline is expected, aligning with the red projection targeting lower levels.
🔹 The highlighted blue zone (1,300 area) represents a strong support/demand zone for potential reaction.

Key Trading Levels:

✅ Resistance: Near the upper trendline (Wave C completion)
✅ Support Zone: 1,280 - 1,320 (Potential target area)
✅ Bearish Confirmation: A breakdown below the rising channel

📢 Trading Plan:

🔹 Look for bearish rejection signals at the peak.
🔹 Short opportunities may arise upon confirmation of the breakdown.
🔹 Target a decline toward the blue demand zone (1,280 - 1,320).