The index open with the gap down and saw a follow-up sell-off as well.
It formed a Big Bear Candle, which closed near its low.
Now the Same candle would act as a resistance for any bounce if any, however it looks like we might see some more sell-off in the Index and it may extend to 16150 - 16250 levels.
Hence it's a sell on rally market, any bounce if comes, would be an opportunity to open fresh short trades.
There is also Harmonic Patterns Probability on the charts
1. ABCD Pattern prz zone: 16150
2. Butterfly Pattern prz zone: 16300-16240
Disclaimer: Purely Education, not a recommendation to trade.
It formed a Big Bear Candle, which closed near its low.
Now the Same candle would act as a resistance for any bounce if any, however it looks like we might see some more sell-off in the Index and it may extend to 16150 - 16250 levels.
Hence it's a sell on rally market, any bounce if comes, would be an opportunity to open fresh short trades.
There is also Harmonic Patterns Probability on the charts
1. ABCD Pattern prz zone: 16150
2. Butterfly Pattern prz zone: 16300-16240
Disclaimer: Purely Education, not a recommendation to trade.
노트
17000 would act as a Resistance
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.