As we can see, there was an attempt to gain a foothold above the resistance zone, but failed to do so, which is not a very positive signal in favor of a long. Now a resistance line is drawn at 12 450 and a support line at 11 840, whoever is in positions or enter, it is better to put stops for them. While I am looking at the situation and if there is a repeated attempt to fix above the resistance zone (12,230) I will try to go long. If this does not happen in the near future, there is a chance to go lower.
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.