Current view >
As per the structure, if the market declines, we can expect some
consolidation between the previous high
and the 38% downside level. Further correction is likely only if
the price breaks below the 38% mark; in that case, it could
reach the 50% to 78% Fibonacci levels.
Alternate view>
On the other hand, if the market initially pulls back around the 23% level
or opens with a gap-up, the rally may continue with some consolidation,
for a minimum target of 26,084
As per the structure, if the market declines, we can expect some
consolidation between the previous high
and the 38% downside level. Further correction is likely only if
the price breaks below the 38% mark; in that case, it could
reach the 50% to 78% Fibonacci levels.
Alternate view>
On the other hand, if the market initially pulls back around the 23% level
or opens with a gap-up, the rally may continue with some consolidation,
for a minimum target of 26,084
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.