Price is currently trading just below the 21,434 🔼 resistance zone, after a strong bullish push that followed the reclaim of the 21,000 🔽 support area. The index is forming a short-term range between these two key zones. The overall structure remains bullish with a series of higher highs and higher lows.
Support at: 21,000 🔽, 20,606 🔽, 20,200 🔽
Resistance at: 21,434 🔼, 22,230 🔼
Bias:
🔼 Bullish: A breakout and retest above 21,434 could open the path toward the 22,230 high. Bulls remain in control while price holds above 21,000.
🔽 Bearish: A rejection at 21,434 or a break below 21,000 could lead to a correction toward 20,606 or 20,200.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 21,000 🔽, 20,606 🔽, 20,200 🔽
Resistance at: 21,434 🔼, 22,230 🔼
Bias:
🔼 Bullish: A breakout and retest above 21,434 could open the path toward the 22,230 high. Bulls remain in control while price holds above 21,000.
🔽 Bearish: A rejection at 21,434 or a break below 21,000 could lead to a correction toward 20,606 or 20,200.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
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.
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.