The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
On February 18, a new maximum extreme (22,225) was reached, but the bears took control, resulting in a significant decline by the end of the trading week. Bearish players reclaimed most of the gains achieved by the bulls the day before. If they manage to hold their positions and continue the decline, the subsequent test of the nearest support level at the short-term weekly trend (21,351) may end with a breakout of the Tenkan line and further interact with other levels of the weekly cross.
By the end of the trading week, a rebound from the record high (22,141) allowed the market to fall to the support of the daily Fibonacci Kijun (21,604). If bearish sentiment continues to strengthen in the near term, the next tasks will be to eliminate the daily Ichimoku golden cross (21,412 – 21,220), return to the bears' side of the short-term weekly trend (21,352), and break the daily cloud (21,170). However, if bullish players seek a comeback and manage to stop the current decline, they will need to consolidate above the previous week's maximum extreme (22,225) to restore the uptrend on higher timeframes.
On lower timeframes, bearish players currently hold the main advantage. On H4, a target for a break of the H4 Ichimoku cloud (21,354 – 21,257) has been set for them. Additional intraday downside reference points include the supports of the classic Pivot levels, with updated Pivot values to be revealed at the market open. For the balance of power to shift, bulls must reclaim the key levels – the central Pivot level of the day and the long-term weekly trend (22,090).
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*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
