After price rejection from strong support and consuming Bullish Order Block, the index is preparing itself to go for Bearish Order Block or Supply Zone.
Secondly, the index has also formed Bullish Flag which is also strong indication of price reversal.
Channel Commodity Index (CCI) also indicates Bullish movement.
Chart assessment suggests trade opportunity long at 33810 with SL 33677 below Support level and TP just above the resistance level at 34119.
This is an educational assessment and guess work and not trade recommendation. Please Like, Subscribe and share for more Trend Analysis and Chart Assessments.
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.