The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
If the drawn support range is maintained, we can see the index continue to climb up to the previous ATH
But the valid break of the drawn support range will pave the way for the correction of the index to the bottom of the ascending channel
Within the defined demand zone, one can look for index buy positions with appropriate risk-reward
If the drawn support range is maintained, we can see the index continue to climb up to the previous ATH
But the valid break of the drawn support range will pave the way for the correction of the index to the bottom of the ascending channel
Within the defined demand zone, one can look for index buy positions with appropriate risk-reward
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.