Market will break all time high or trend reversal ?
Please find the related idea to this where I mentioned downside it touched 40800 and went even below but closed at 40800.
Important channel has broken today but market closed near to it. It could be retest can go further down thus reversal might also begin if it breaches 39700.
However we shouldn’t predict one side of the market. On upper side 41200 will be first target and 41800 all time high will remain crucial resistance.
Now a channel is forming that can be seen in 15 minutes timeframe. It can break either side most likely on upper side since it’s more like falling channel.
Always trade carefully because it’s your hard earned money.
Please note this is just my observation only and consult with your financial advisor before taking any trade.
Important channel has broken today but market closed near to it. It could be retest can go further down thus reversal might also begin if it breaches 39700.
However we shouldn’t predict one side of the market. On upper side 41200 will be first target and 41800 all time high will remain crucial resistance.
Now a channel is forming that can be seen in 15 minutes timeframe. It can break either side most likely on upper side since it’s more like falling channel.
Always trade carefully because it’s your hard earned money.
Please note this is just my observation only and consult with your financial advisor before taking any trade.
