Up Trend Area (Above ~25,440):
If the price breaks above the red resistance line (~25,440), it indicates a potential uptrend.
Traders may expect bullish movement and consider buying opportunities above this zone.
Sideways Area (Between ~25,292 and ~25,440):
This range indicates consolidation or indecision in the market.
Price is moving within a range without clear direction.
Traders may wait for a breakout either upwards or downwards.
Down Trend Area (Below ~25,292):
If the price falls below the green support level (~25,292), it may enter a downtrend.
This could signal bearish sentiment and potential selling opportunities.
If the price breaks above the red resistance line (~25,440), it indicates a potential uptrend.
Traders may expect bullish movement and consider buying opportunities above this zone.
Sideways Area (Between ~25,292 and ~25,440):
This range indicates consolidation or indecision in the market.
Price is moving within a range without clear direction.
Traders may wait for a breakout either upwards or downwards.
Down Trend Area (Below ~25,292):
If the price falls below the green support level (~25,292), it may enter a downtrend.
This could signal bearish sentiment and potential selling opportunities.
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.
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.