Bearish Momentum with Key Levels: Technical Analysis Update

Technical Analysis

The price exhibits bearish momentum as long as it trades below 21,535 and 21,620. This indicates a bearish zone targeting 21,390. A 4-hour or 1-hour candle closing below 21,390 could lead to a further drop toward 21,215.

To confirm a bullish trend, a 4-hour candle must close above 21,630.

Key Levels:
Pivot Point: 21530
Resistance Levels: 21620, 21760, 21900
Support Levels: 21400, 21215, 20990


Trend Outlook:
Consolidation: Between 21,535 and 21,395
Bearish Momentum: Below 21,535 and 21,630