This morning at 8 AM, the four-hour candlestick captured the high point of 12/14, suggesting a potential retracement in the price movement.
Upon a retracement to the range of 41785 - 42180, we'll monitor for reversal signals. If a signal emerges, I will consider entering a long position at this level.
This area coincides with a recently formed support block and aligns with the daily Fibonacci retracement, approximately at the 0.5 position.
Maintaining an objective perspective, I speculate that there could be substantial buying pressure here, propelling the price upwards once again.
Entry Range: 41807 - 42097
Stop Loss: Based on the lowest price of the reversal candlestick formed on the 15-minute timeframe at that time.
Exit Target: 44697
The above does not constitute investment advice, and I advise everyone to exercise caution and manage risks carefully in market trading.