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!
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Last trading week, the market indicated a potential opportunity for bulls to regain control. Whether this potential is realized now depends on whether the bulls can exit the previous consolidation area (88743) and break through the resistance levels of the Ichimoku weekly cross (86947 – 87629 and 92885) and the daily cloud (91489). If these thresholds are broken and the price holds firmly above them, this would provide a solid foundation for forming a bullish rebound from the monthly short-term trend (79773). Failure to overcome these levels and return to the recently passed zones (82303 – 79773) would restore market uncertainty or allow the bears to push lower and retest the monthly Fibonacci Kijun (75446). A break below this level would reinstate both the daily and weekly downtrend.
On the lower timeframes, bulls currently hold the main advantage. The classic Pivot resistance levels (85382 – 87291 – 88484) and the breakout target above the H4 cloud (87091 – 88494) are key to watch for the continued upward movement today. A decline, test, breakout, and reversal of the weekly long-term trend (82292) would shift the current balance of power in favor of strengthening bearish sentiment. The next downside targets for intraday development would be the classic Pivot support levels (81087 – 79178).
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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।
