Price.Recent pullback tested ~3,750 area, which aligns with a short-term support zone.
Strong bullish momentum candles earlier indicate buyers are still in control.
The long lower wicks show rejection of downside moves.
Entry zone is near support, minimizing risk.
Market is showing some consolidation / sideways movement after the last rally.
If 3,744 breaks with strong momentum, a deeper correction could follow.
analysis may change at any time without notice and is provided solely for educational purposes to help traders make independent investment decisions.
The information and publications are not intended to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
Strong bullish momentum candles earlier indicate buyers are still in control.
The long lower wicks show rejection of downside moves.
Entry zone is near support, minimizing risk.
Market is showing some consolidation / sideways movement after the last rally.
If 3,744 breaks with strong momentum, a deeper correction could follow.
analysis may change at any time without notice and is provided solely for educational purposes to help traders make independent investment decisions.
The information and publications are not intended to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
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.