Market Update: π The market recently breached the resistance zone at 72200-72700, edging towards its main resistance at 7300-73300. However, it faced rejection in this zone. Currently, ADX and DI+ are falling, while DI- is rising. If DI+ and DI- cross, and ADX continue to decline consistently, it may be prudent to consider profit-taking instead of buying. consider profit taking.
Strategy Adjustment: π Monitor closely for ADX and DI trends. If they indicate weakening bullish momentum and the market settles around 72100, it might be a good time to secure profits rather than initiate new positions. Stay vigilant for further market developments. Best of luck with your trades! πͺπ.
Strategy Adjustment: π Monitor closely for ADX and DI trends. If they indicate weakening bullish momentum and the market settles around 72100, it might be a good time to secure profits rather than initiate new positions. Stay vigilant for further market developments. Best of luck with your trades! πͺπ.