🔹 The index recently tested its all-time high at 45,152 USD, and a short-term correction may occur to retest the PDH level at 44,950 USD.
1️⃣ If strong bullish momentum leads to a break and close above 45,150 USD, the price is likely to push toward forming a new high.
2️⃣ However, a break and close below 44,620 USD could trigger a move toward 44,240 USD.
🔻 A confirmed break below this zone would resume the bearish trend and open the way toward 43,900 USD.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
1️⃣ If strong bullish momentum leads to a break and close above 45,150 USD, the price is likely to push toward forming a new high.
2️⃣ However, a break and close below 44,620 USD could trigger a move toward 44,240 USD.
🔻 A confirmed break below this zone would resume the bearish trend and open the way toward 43,900 USD.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
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.