Technical Outlook:
Yesterday’s daily candle closed as a bearish bar with a short lower shadow, suggesting weakened bullish momentum.
Watch the previous low around 3299.5 — if it holds, bulls are not completely out of the game, and the new consolidation range becomes 3299–3333.
• A break above 3330 could trigger a push toward the 3350 midpoint resistance.
• If 3299 is broken, price may revisit last Friday’s low at 3265.
There’s opportunity on both sides, so make sure to set your Stop Loss and manage your emotions carefully.
Key Levels to Watch:
• 3370: Last week’s high, major resistance
• 3355: Key resistance
• 3330–3333: Resistance zone
• 3306–3325: Narrow range for intraday scalping – sell high, buy low, watch for clean breakouts
• 3300: Psychological round number
• 3287: Key support
Strategy for Consolidation Zone (3306–3325):
• Trade around 3325 based on breakout behavior:
• If price fails to hold above 3325, consider short positions.
• If price breaks and holds above 3325, consider long positions.
Upside Targets Above 3325:
→ 3330, 3333, 3340
Downside Targets Below 3325:
→ 3321, 3318, 3313
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
Yesterday’s daily candle closed as a bearish bar with a short lower shadow, suggesting weakened bullish momentum.
Watch the previous low around 3299.5 — if it holds, bulls are not completely out of the game, and the new consolidation range becomes 3299–3333.
• A break above 3330 could trigger a push toward the 3350 midpoint resistance.
• If 3299 is broken, price may revisit last Friday’s low at 3265.
There’s opportunity on both sides, so make sure to set your Stop Loss and manage your emotions carefully.
Key Levels to Watch:
• 3370: Last week’s high, major resistance
• 3355: Key resistance
• 3330–3333: Resistance zone
• 3306–3325: Narrow range for intraday scalping – sell high, buy low, watch for clean breakouts
• 3300: Psychological round number
• 3287: Key support
Strategy for Consolidation Zone (3306–3325):
• Trade around 3325 based on breakout behavior:
• If price fails to hold above 3325, consider short positions.
• If price breaks and holds above 3325, consider long positions.
Upside Targets Above 3325:
→ 3330, 3333, 3340
Downside Targets Below 3325:
→ 3321, 3318, 3313
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
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.