A bullish hidden divergence is forming on the MACD indicator, suggesting underlying strength despite recent price pullback. This setup often precedes a continuation of the uptrend, with price likely to break above the descending trendline resistance. Key support near 6,690 remains intact, providing a solid base for a potential rally toward recent highs. Traders should watch for confirmation of breakout momentum.
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.