Traders: Might look to buy near red support levels and sell near green resistance levels, anticipating reversals at these key points.
Breakouts: If the index breaks through a green resistance level with high volume, it could indicate a potential upward trend continuation. Conversely, breaking below a red support level might signal further declines.
Breakouts: If the index breaks through a green resistance level with high volume, it could indicate a potential upward trend continuation. Conversely, breaking below a red support level might signal further declines.
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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.