(Note I have not considered last and upcoming news events) Trend: The daily chart is in a bullish trend, moving within an upward channel. Higher highs and higher lows indicate sustained buying pressure. Key Levels: Resistance: Around 21,200 - 21,300, where price could encounter selling pressure. Support: Strong support around 20,600 and additional lower support...
The daily trend for the market is bullish overall, showing an uptrend with higher highs and higher lows, though currently in a consolidation phase. Key support is around 19,100 - 19,200, suggesting possible accumulation, while resistance near 19,400 - 19,500 could act as a rejection zone. In contrast, the hourly trend has a bearish bias, with recent downtrend...
Key Order Blocks to Watch: 18587: High probability for initiating a bearish move if the price strongly rejects this level. 18520 & 18504: Moderate probability of acting as temporary support levels; monitor these for any continuation of bearish momentum. 18430: High probability as a critical support level. If the price reaches and breaks this level, it could...