Market price dropped down to the level of 34760 yesterday and respected
that area as a support level.
Since then it's been creating higher highs and higher lows on the
5min & 15min timeframe. Today at 9:30 am
price broke the resistance level of 35290 shooting up to 35370 in under
10 minutes. giving an indication that it will keep rising until
it gets to another strong resistance area of which is 35500-35600.
After it reaches that point, I suspect
we'll see price correction
that area as a support level.
Since then it's been creating higher highs and higher lows on the
5min & 15min timeframe. Today at 9:30 am
price broke the resistance level of 35290 shooting up to 35370 in under
10 minutes. giving an indication that it will keep rising until
it gets to another strong resistance area of which is 35500-35600.
After it reaches that point, I suspect
we'll see price correction