Smart Money concepts (SMC)

Positive points of the analysis:
1. Clarity in the market structure (CHoCH + BOS):
It is clear that the market made a CHoCH and then confirmed it with a Break of Structure (BOS), which validates the downward trend change.

2. Well-identified fake out:
The "fake out" just after the BOS and within the 1H-OB is typical institutional behavior. This bullish wick is a trap to induce liquidity before the fall. Excellent reading.

3. Confluence zone (1H-OB + 1H-FVG):
The price rises to mitigate the 1H-FVG within the 1H-OB, providing a very good entry opportunity.
Furthermore, this occurs within the resistance zone, which gives it even more weight.

4. Support zone and target at 3310:
The TP is very well projected at 3310, just below the current support zone. If it breaks that zone, it is highly likely that it will reach the target.