Market Consolidation Expected After Recent Fakeouts – Key Suppor
2024-10-16

Typically, when we experience fakeouts from both the top and the bottom, the market tends to lose volatility and enters a consolidation phase. In this case, as long as we remain above the key support level of 63,895, there is no significant cause for concern. These movements can be considered part of a price and time correction.

This analysis suggests that staying within this range will likely keep the market stable, with potential for sideways movement in the near term.