Bullish, but there will be selling to test all support wicks - - Price Target: Expecting price to reach the 1.272 Fibonacci level near 21,052.50, then retrace to find support.
- Entry Point : Looking to enter long at 19,979.
- Invalidation : Long bias is invalid if price falls below 19,818, especially around the 4-hour candle close.
- Note on Wicks : Pre- and after-hour wicks often don’t hold up; they’re likely to get rejected.
First target will be 20,788.50 and final target would be 21,388.25