Structurally, we are still in a range with a moderately bullish bias. So, until the range is broken, we may not get any clear direction.
However, my expectation is that if the market initially pulls back, it could continue the rally with some consolidation.
In this case, if a solid structure forms, we can expect a longer rally.
On the other hand, if the market declines and finds support around the immediate support level, it may continue to stay in the range.
Or, if a solid structure forms on the downside, then the correction is likely to continue.
However, my expectation is that if the market initially pulls back, it could continue the rally with some consolidation.
In this case, if a solid structure forms, we can expect a longer rally.
On the other hand, if the market declines and finds support around the immediate support level, it may continue to stay in the range.
Or, if a solid structure forms on the downside, then the correction is likely to continue.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.