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Technical Breakdown

Ascending Channel Formation:
The price has been moving within an ascending channel, indicating a bullish trend. The upper and lower boundaries of the channel have provided resistance and support, respectively.

Support/Resistance Level:
A key horizontal level around 2,430 has acted as both support and resistance. This level was tested multiple times, showing its significance in the price action.

Bear Flags:
Two bear flags are identified, one on the 15-minute chart and another on the 30-minute chart. Bear flags typically indicate continuation patterns in a downtrend, suggesting further bearish movement.

Higher High (HH) and Lower High (LH):
The chart shows a higher high (HH) followed by a lower high (LH), indicating a potential shift from a bullish to a bearish trend.

Price Target (TP):
The TP is marked at 2,348, suggesting a potential downside target based on the current technical setup.