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ASI
The index showed a positive sign as it concluded the day with a green candle, following four consecutive days of red candles. Notably, it displayed resilience around the support zone of 10,450-10,550, where the crucial Fibonacci 0.382 level is situated. The immediate challenge for the index is breaching the resistance level at 10,662.30.
Examining the daily RSI indicator, it found support from Trend Line #4, and the next hurdle is breaking through the immediate resistance represented by Trend Line #1.
On a weekly scale, the RSI index is currently seeking support from a key supporting trend line, underscoring the significance of this juncture in the market's behavior.
ASI
The index showed a positive sign as it concluded the day with a green candle, following four consecutive days of red candles. Notably, it displayed resilience around the support zone of 10,450-10,550, where the crucial Fibonacci 0.382 level is situated. The immediate challenge for the index is breaching the resistance level at 10,662.30.
Examining the daily RSI indicator, it found support from Trend Line #4, and the next hurdle is breaking through the immediate resistance represented by Trend Line #1.
On a weekly scale, the RSI index is currently seeking support from a key supporting trend line, underscoring the significance of this juncture in the market's behavior.