Price is currently consolidating just below the 8,490 🔼 resistance after a strong bullish rally. The structure remains bullish with consistent higher lows, and price is testing a key supply-turned-resistance zone. Bulls need a clear breakout to maintain momentum.
Support at: 8,378 🔽, 8,165 🔽, 7,935 🔽, 7,600 🔽
Resistance at: 8,490 🔼, 8,625 🔼, 8,729 🔼
Bias:
🔼 Bullish: A confirmed breakout above 8,490 could trigger a continuation toward 8,625 and 8,779.
🔽 Bearish: Rejection at 8,490 or break below 8,378 could initiate a drop back to 8,165 or lower.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 8,378 🔽, 8,165 🔽, 7,935 🔽, 7,600 🔽
Resistance at: 8,490 🔼, 8,625 🔼, 8,729 🔼
Bias:
🔼 Bullish: A confirmed breakout above 8,490 could trigger a continuation toward 8,625 and 8,779.
🔽 Bearish: Rejection at 8,490 or break below 8,378 could initiate a drop back to 8,165 or lower.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
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.