The price has stabilized below the consolidation zone, confirming a bearish continuation. After falling from the consolidation zone, the price reached the support level at 2363, which acted as a temporary barrier and initiated a corrective move. This correction may extend toward 2576 before the next major move unfolds. If the price fails to break above 2576, the bearish momentum is likely to resume, leading to another attempt at breaking 2363. A confirmed break below this level would open the path toward the strong support at 2120.
However, if the price manages to break above 2576, it could indicate a return to consolidation rather than a continuation of the downtrend.
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However, if the price manages to break above 2576, it could indicate a return to consolidation rather than a continuation of the downtrend.
Traders, I appreciate your support! If this analysis resonates with you, drop a comment below!
Trade active
The price is continuously trading above 2363 as a correction before initiating a decline.Trade closed: target reached
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Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.