Market structure has temporary shifted direction to a downtrend holding resistance at around 2815. It seems 2800 which was resistance before is now support & that a fair price is somewhere around it. Hence from the Renko chart I expect the market travelling to the following levels:
Resistance levels:
2815
2810
2806
Support levels:
2800
2795
2776
Resistance levels:
2815
2810
2806
Support levels:
2800
2795
2776
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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.