An Idea not advice
Reasons for coming days will likeliest short back to 12119.6 area
Reasons for possible long
Reasons for coming days will likeliest short back to 12119.6 area
- Retracement after hitting a resistance which was prior support
- 9% up rally is likely planning to find a rest which in line with retracing makes sense
- Mid- Avg pricing around that area within the weekly perspective
Reasons for possible long
- Seems the market currently doesn't like the current lows.
- The lows were mitigated and rejected quickly
- Pulling huge attraction towards 12898.5
- That particular area had been a great demand before in 2021
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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.
Related publications
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.