Technical Analysis: Price Bearish in Focus
Today's Outlook:
The price will try to touch 19625 and 19525 from the resistance line which is 19835
Bearish Scenario:
As long as the price trades below 19835, the bearish trend is likely to persist, with targets at 19625 and under that will be 19525, supported by strong bearish volume. Closing 4h candle under 19525 will start a strong Bearsih area.
Bullish Scenario:
Reversing to stabilize above 19840 means will push up to get 19960 and closing the 4h candle above 20095 means will start a new bullish trend
Key Levels:
- Pivot Line: 19835
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.