The market has shown its inability to continue the bearish move and started a bullish rally. I’m keen to see another sign of sellers’ weakness and look for a good buying opportunity. In the longer term, I anticipate the market will aim for a new all-time high, targeting 48,800. The invalidation level for this analysis is the market's failure to break above the 45,000 resistance. Pro Tip: Always stick to your risk management plan and continuously compare the market’s movements with your prior analysis. Remember, analysis is a roadmap, not a guarantee. Follow for updates!
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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.