Current View
> The current view suggests that if the market reaches the immediate resistance gradually and faces rejection there, we can expect a minimum retracement of 38% to 61% in the minor swing.
> In this case, if the market declines initially, it may consolidate for a while—similar to yesterday's performance.
Alternate View
> e alternate view says that if the market breaks the immediate resistance with a strong rally or consolidates around that level, we can expect the rally to continue.
> The current view suggests that if the market reaches the immediate resistance gradually and faces rejection there, we can expect a minimum retracement of 38% to 61% in the minor swing.
> In this case, if the market declines initially, it may consolidate for a while—similar to yesterday's performance.
Alternate View
> e alternate view says that if the market breaks the immediate resistance with a strong rally or consolidates around that level, we can expect the rally to continue.
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.