Analysis 
2024-12-30
Category: None

The market is currently trading near the support zone, which serves as a pivotal level for future price action. The projected trajectory, as indicated by the white arrow, suggests a potential continuation of the downtrend toward the next major support level around 91,567.2. This aligns with the overall bearish momentum and could offer a high-probability trade setup.

For professional analysis, traders should consider the following:

1. Breakout Confirmation: A clean break below the current support zone, accompanied by increased volume, may validate further downside movement.


2. Pullback Opportunities: A retest of the descending trendline or resistance zone could provide an ideal entry point for short positions.


3. Risk Management: Strategic stop-loss placement above the resistance zone or invalidation levels is essential to mitigate risk.


4. Confluence Factors: Combining this technical analysis with macroeconomic indicators, volume trends, and candlestick patterns can enhance trade accuracy.

