Analysis The market is currently trading near the support zone, which serves as a pivotal level for future price action. The projected trajectory, as indicated by the white arrow, suggests a potential continuation of the downtrend toward the next major support level around 91,567.2. This aligns with the overall bearish momentum and could offer a high-probability trade setup.
For professional analysis, traders should consider the following:
1. Breakout Confirmation: A clean break below the current support zone, accompanied by increased volume, may validate further downside movement.
2. Pullback Opportunities: A retest of the descending trendline or resistance zone could provide an ideal entry point for short positions.
3. Risk Management: Strategic stop-loss placement above the resistance zone or invalidation levels is essential to mitigate risk.
4. Confluence Factors: Combining this technical analysis with macroeconomic indicators, volume trends, and candlestick patterns can enhance trade accuracy.