"Today's outlook is that the price will drop to consolidate at a lower level."
Market Commentary (Asia Session)
The price recently tested the base zone at 4005–4001, followed by a sharp rebound of 3,000 points. However, overall momentum remains weak, as it has yet to break through the previous resistance level. Given this setup, the Asian market is likely entering an accumulation phase,
Test Sell Zone 4031-4034 SL 4038
(1) Zone 4040-4045 SL 4050
(2) Major Zone 4054.4-4058 SL 4061
Support Zone:
A key support area is identified at
3985–3980, with a Stop Loss (SL) at 3976.
This zone may offer a potential bounce if tested, especially if buyers step in with volume.
Primary Focus Zone:
The market remains focused on the
4006–4001 zone, which could act as a liquidity sweep before continuation. If price dips into this area and quickly recovers, it may signal strong demand and a possible move higher.
Market Commentary (Asia Session)
The price recently tested the base zone at 4005–4001, followed by a sharp rebound of 3,000 points. However, overall momentum remains weak, as it has yet to break through the previous resistance level. Given this setup, the Asian market is likely entering an accumulation phase,
Test Sell Zone 4031-4034 SL 4038
(1) Zone 4040-4045 SL 4050
(2) Major Zone 4054.4-4058 SL 4061
Support Zone:
A key support area is identified at
3985–3980, with a Stop Loss (SL) at 3976.
This zone may offer a potential bounce if tested, especially if buyers step in with volume.
Primary Focus Zone:
The market remains focused on the
4006–4001 zone, which could act as a liquidity sweep before continuation. If price dips into this area and quickly recovers, it may signal strong demand and a possible move higher.
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.