Market creating a Resistance/Supply Zone at 19,650 -19,700 area. Expecting price to pullback into that zone to retest the zone to create a Quasimodo /Head and Shoulder Pattern. The presence of Bears at this zone can push the market down to Demand zone/ Support at 19,500-19450 area created during the All Time High Rally.
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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.