These 3 candle wicks indicate that the bears are no longer in strong control of the market. However, for the market to turn bullish, it is essential to close above the 87,533.05 level on the daily chart. Only after that can the market become bullish in the short term, with potential targets of 96,000 or even 102,682. But sustaining above the 87,533.05 level on a daily basis is crucial.
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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.