After a stellar steep up rally, the index has met his resistance at 96.68.
A long bearish engulfing candle has formed in the 4-hour charts signifying entry of bears.
Hence we expect the index to retract to the support level at 95.91.
A long bearish engulfing candle has formed in the 4-hour charts signifying entry of bears.
Hence we expect the index to retract to the support level at 95.91.
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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.