The price has broken out of the channel and is now attempting to stabilize above 192.24, indicating a potential shift in market sentiment toward bullish momentum. A confirmed breakout above this level would signal continued buying pressure, likely driving the price higher toward the next resistance level at 194.62. This resistance level represents a key barrier where sellers may attempt to regain control, and a successful breach could pave the way for further upside movement.
Conversely, if the price fails to hold above 192.24 and reverses, it suggests a lack of strong buying interest at this level. A drop below 192.24, particularly if it falls beneath 191.10, would indicate increasing bearish pressure, potentially leading to a decline toward 188.94. This support level serves as a crucial zone where buyers might step in to prevent further downside.
Tendency Keys: 192.24
Resistance Line: 194.62 -196.45 -198.84
Support Line: 192.24 -191.10 -199.94
Conversely, if the price fails to hold above 192.24 and reverses, it suggests a lack of strong buying interest at this level. A drop below 192.24, particularly if it falls beneath 191.10, would indicate increasing bearish pressure, potentially leading to a decline toward 188.94. This support level serves as a crucial zone where buyers might step in to prevent further downside.
Tendency Keys: 192.24
Resistance Line: 194.62 -196.45 -198.84
Support Line: 192.24 -191.10 -199.94
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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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.