YM seems to have broken, retested, and rejected a bullish channel as price action is currently moving between 42200 and 43300. Price may push up and try to touch the 43000 and 43300 with stability above to kickstart the bull run. However, a bear run seems favourable as long as the indice remains under 43k. Further confirmation will be solidified with price stability under 42200 and 42000 to target nearby substantial lows.
Trade active
First target hitNote
Bearish idea active as price action touched on 43300
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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.