The market is currently in a clear downtrend, with price action showing lower highs and lower lows. The resistance level around 194.62 has previously rejected bullish attempts, reinforcing the bearish momentum. At the moment, price is testing the support zone near 190.63. If this level fails to hold, further downside movement is expected, targeting 188.94, followed by 187.89 and potentially 186.96.
On the other hand, if price stabilizes above 192.31, a potential reversal towards the upside could occur, leading to a move toward 194.62. However, given the overall bearish trend, a breakout with a confirmed higher low would be necessary to establish a shift in market direction. The recent breakdown from the flat zone suggests continued bearish pressure unless buyers step in with significant momentum.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.