US500 on the M15 timeframe has been in a clear downtrend after a sharp swing from 6622 to 6596, with the price now consolidating below 6600. The recent candles show a low of 6596 and a close near 6595, indicating a bearish momentum that is reinforced by a spike in volume during the swing to 6610, suggesting strong selling pressure. The 15‑minute chart reveals a key resistance around 6620 and a support near 6580. The price has broken through the 6600 level, signalling a potential continuation of the downtrend. The short entry is therefore justified by the breach of this…

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