Its Bearish As Long as you are Under That TOP
First Bullish signal would be Breaking and Closing above The red Down Trend Line.
We had a Rising Wedge for the past weeks formed.
Broke under it,,
Then retested the Breaking Point which then Formed us our Red Trendline.
on The Chart Important Support And Resistance Levels.
Take Care of The big CAPs Stocks Which Made above 100%++++..
Good Luck To you all.
First Bullish signal would be Breaking and Closing above The red Down Trend Line.
We had a Rising Wedge for the past weeks formed.
Broke under it,,
Then retested the Breaking Point which then Formed us our Red Trendline.
on The Chart Important Support And Resistance Levels.
Take Care of The big CAPs Stocks Which Made above 100%++++..
Good Luck To you all.
Comment:
Comment:
The index rose to the levels indicated on the chart and encountered resistance at 25,422, which is 5 points lower than the number displayed on the chart at 25,427. There is currently an attempt to close above the level of 25,307, which is a crucial level.
The closing process should be closely monitored, as breaking above this closing level is important to signal the direction of the index. If the index successfully closes above 25,307, it may be a positive sign for the continuation of the upward trend. On the other hand, if it fails to close above this level, the index may be poised for a correction.
Monitoring market developments and technical analysis is essential for a better understanding of the situation and making informed decisions based on the current context.
The closing process should be closely monitored, as breaking above this closing level is important to signal the direction of the index. If the index successfully closes above 25,307, it may be a positive sign for the continuation of the upward trend. On the other hand, if it fails to close above this level, the index may be poised for a correction.
Monitoring market developments and technical analysis is essential for a better understanding of the situation and making informed decisions based on the current context.
Comment:
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Comment:
Time is more important than price. When time is up price will reverse." – W. D.