The market has been stuck in a range for almost three weeks now. Unless we see a decisive break either below 90,000 or above 99,000, it’s tough to predict the next move. However, if we do break either level, it could trigger a sharp move—likely towards 125,000 or 75,000, with the latter seeming more probable at the moment.
That said, time will tell. Personally, I’m expecting a short-term rally back to 99,000, especially after the recent head-and-shoulders pattern that’s been forming.
That said, time will tell. Personally, I’m expecting a short-term rally back to 99,000, especially after the recent head-and-shoulders pattern that’s been forming.
Do what others don’t know, and don’t do what others know.
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Do what others don’t know, and don’t do what others know.
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.