Bullish, but there will be selling to test all support wicks -
-Price Target: Expecting price to reach the 1.272 Fibonacci level near 21,052.50, then retrace to find support.
-Entry Point: Looking to enter long at 19,979.
-Invalidation: Long bias is invalid if price falls below 19,818, especially around the 4-hour candle close.
-Note on Wicks: Pre- and after-hour wicks often don’t hold up; they’re likely to get rejected.
First target will be 20,788.50 and final target would be 21,388.25
-Entry Point: Looking to enter long at 19,979.
-Invalidation: Long bias is invalid if price falls below 19,818, especially around the 4-hour candle close.
-Note on Wicks: Pre- and after-hour wicks often don’t hold up; they’re likely to get rejected.
First target will be 20,788.50 and final target would be 21,388.25
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