The index is currently at a massive crossroads! We are seeing a heavy technical confluence as price tests the **61.8% Golden Ratio** and the **RSI** hits that crucial **60 resistance** zone. 📉🛑
### 🔑 **The Make-or-Break Level: 57,500** 🔑
This is the line in the sand.
🚀 **BULL CASE:** If we sustain and close **above 57,500**, the momentum could shift gears to target **58,306**.
🐻 **BEAR CASE:** Failure to cross this hurdle confirms the rejection at the Golden Ratio. On the downside, a slide toward **55,730** is very much on the cards. 📉
**Strategy:** Patience is key at the Golden Ratio. Let the market confirm the direction at 57,500 before jumping in! ⚖️💎
### 🔑 **The Make-or-Break Level: 57,500** 🔑
This is the line in the sand.
🚀 **BULL CASE:** If we sustain and close **above 57,500**, the momentum could shift gears to target **58,306**.
🐻 **BEAR CASE:** Failure to cross this hurdle confirms the rejection at the Golden Ratio. On the downside, a slide toward **55,730** is very much on the cards. 📉
**Strategy:** Patience is key at the Golden Ratio. Let the market confirm the direction at 57,500 before jumping in! ⚖️💎
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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.