The market has recently shown strong bullish momentum, breaking out of a previous range consolidation around the 3,212 level and moving into a short-term distribution or consolidation phase near the 3,245.563 resistance. This area is currently acting as a key decision point. If buyers regain control and we see a breakout above 3,245 with a solid retest confirming support, there is a high probability of continuation to the upside toward the next significant resistance at 3,300.129, marked as Target A. This level could serve as a short-term take-profit zone for longs. On the other hand, if the market fails to hold above 3,212 and breaks below the intermediate support at 3,187.574, the structure may shift bearish. In that case, we could expect a pullback into the 3,160–3,140 demand zone (Target A on the downside), which is highlighted in orange. If bearish pressure continues beyond this point, a further drop toward the 3,104.762 level (Target B) is likely, where stronger support is expected. Overall, traders should remain flexible and wait for a clear breakout or breakdown from the current zone, using price action confirmations like candle closures, retests, or rejection wicks to guide entries and manage risk accordingly. This setup is valid as long as price remains between these defined levels, and the next major move is likely to occur as we approach the mid-April sessions.
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