The price is maintaining a bearish trend, currently trading around the channel. If it breaks below the channel and the key support at 283.39, further downside movement is expected, potentially reaching 233.63 and 195.54, as sellers remain dominant. The continuation of this trend indicates weakening buying pressure, making lower levels more likely.
However, a bullish reversal would require a breakout above 328.20, confirming strength and shifting momentum in favor of buyers. If this happens, the next key level to watch is 375.56, which would signal a potential trend change. Until then, the bearish structure remains intact unless a significant shift in market dynamics occurs.
Tendency Keys: 283.39
Resistance Line: 328.20, 375.56, 435.17
Support Line: 283.39, 233.63, 195.54
However, a bullish reversal would require a breakout above 328.20, confirming strength and shifting momentum in favor of buyers. If this happens, the next key level to watch is 375.56, which would signal a potential trend change. Until then, the bearish structure remains intact unless a significant shift in market dynamics occurs.
Tendency Keys: 283.39
Resistance Line: 328.20, 375.56, 435.17
Support Line: 283.39, 233.63, 195.54
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
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about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.