The market is currently showing a neutral pattern. The next move will depend on the breakout direction:
Bearish Scenario:
If the market breaks below 3200, it could move downward into the sell zone, with potential targets at:
1ST Target 3100
2nd Target 2980
Bullish Scenario:
If the market instead follows a bullish trend and breaks above 3200, it may form a bullish pattern, aiming for:
1st Target 3360
2nd Target 3505
Bearish Scenario:
If the market breaks below 3200, it could move downward into the sell zone, with potential targets at:
1ST Target 3100
2nd Target 2980
Bullish Scenario:
If the market instead follows a bullish trend and breaks above 3200, it may form a bullish pattern, aiming for:
1st Target 3360
2nd Target 3505
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.