Price is currently testing a support structure at 1810. EMA5 has started to do a turn just before the market closed but not a full buy. First few hours of market open is crucial, as a confirmed full buy above 1810 will confirm a immediate bounce to 1824, as the next target and a cross below 1810 will open targets towards the swing range. EMA5 cross and lock above 1824 will open targets upto the next resistance structure.
Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
BULLISH TARGETS TARGETS
1824
EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792
SWING RANGE
1792 - 1785
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