The price has successfully broken out of the uptrend channel and is now trading outside of it. This shift indicates a potential change in market sentiment. Additionally, it has settled below the 281.57 level, reinforcing the likelihood of a further decline toward 233.63 and 195.54. Since this level now acts as resistance, sellers seem to be in control, and unless a strong reversal takes place, the bearish momentum may continue.
However, for a bullish scenario to be confirmed, the price needs to reclaim and stabilize above 281.57 and ideally move past the resistance zone. This would indicate renewed buying pressure and could trigger a move toward higher resistance levels like 328.20 and 362.80. Until that happens, the prevailing sentiment suggests that the downtrend is intact.
Tendency Keys: 281.57
Resistance Line: 281.57, 328.20, 362.80
Support Line: 233.63, 195.54
However, for a bullish scenario to be confirmed, the price needs to reclaim and stabilize above 281.57 and ideally move past the resistance zone. This would indicate renewed buying pressure and could trigger a move toward higher resistance levels like 328.20 and 362.80. Until that happens, the prevailing sentiment suggests that the downtrend is intact.
Tendency Keys: 281.57
Resistance Line: 281.57, 328.20, 362.80
Support Line: 233.63, 195.54
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about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。