The index is moving within an upward channel in the broader trend and is currently trading near the 23,900 zone.
🔻 Bearish Scenario:
If the price breaks below 23,850, a corrective wave may begin, testing the 23,700 area. A break below this level could open the door for further downside corrections.
🔺 Bullish Scenario:
If the price manages to break and hold above 23,900, this could support a continuation of the uptrend toward a new high at 24,000.
🔻 Bearish Scenario:
If the price breaks below 23,850, a corrective wave may begin, testing the 23,700 area. A break below this level could open the door for further downside corrections.
🔺 Bullish Scenario:
If the price manages to break and hold above 23,900, this could support a continuation of the uptrend toward a new high at 24,000.
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.