Price is consolidating in a narrow range near the 24,845–24,855 zone. Today try to give breakout of 24900 multiple times but fails. Sellers are active near 24900-25000 range.
Bullish Scenarios:
Break above consolidation → Target 25,032.35 → Further rally to 25,116.25 or 25,235.35.
Retest of support (~24,612) → Bounce → Break consolidation → Rally to resistance zones.
Bearish Scenarios:
Break below consolidation → Fall to 24,612.85 (Support) → Possible drop to 24,426.30.
Sustained breakdown below 24,426.30 → Downtrend toward 24,018.25.
As long as price stays within the current consolidation box, wait for breakout or breakdown.
Above 25,032.35 = bullish confirmation and Below 24,612.85 = bearish confirmation.
Bullish Scenarios:
Break above consolidation → Target 25,032.35 → Further rally to 25,116.25 or 25,235.35.
Retest of support (~24,612) → Bounce → Break consolidation → Rally to resistance zones.
Bearish Scenarios:
Break below consolidation → Fall to 24,612.85 (Support) → Possible drop to 24,426.30.
Sustained breakdown below 24,426.30 → Downtrend toward 24,018.25.
As long as price stays within the current consolidation box, wait for breakout or breakdown.
Above 25,032.35 = bullish confirmation and Below 24,612.85 = bearish confirmation.
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.