$RIVER trading near 16.15 after sharp rejection from the 18.42 high. Price flushed aggressively to 15.07 and is now attempting a recovery bounce. Structure remains corrective within a broader intraday downtrend.

Momentum is mixed — short-term relief, not full reversal.

Key Levels

Resistance:

16.38

17.12

17.85

Support:

15.07

14.90

14.20

RSI around 55 — slight bullish pressure.

MACD turning positive but still shallow — recovery phase only.

Long Setup (reclaim continuation)

EP: 16.00 – 16.30

TP1: 17.10

TP2: 17.85

TP3: 18.40

SL: 15.00

Short Setup (trend continuation)

EP: 16.80 – 17.20

TP1: 15.10

TP2: 14.20

TP3: 13.50

SL: 17.90

Holding above 15.07 keeps bounce alive.

Break below that level shifts bias back toward continuation downside.