The evening market moved up to around 87,700, then rose to around 88,400 before pulling back to around 87,500, and later rebounded to around 88,600 with sideways movement.
During the day, the overall range remained between 87,500 and 89,000 with sideways consolidation, and the daily candle closed as a doji with a positive body. The four-hour chart shows increasing momentum, with still some resistance above, and the hourly structure indicates a narrowing of the consolidation with two consecutive bullish candles, with a high entry point during early morning.
Wednesday early morning:
Market consolidates around 88,900-89,400, with a target near 87,500-87,000.
Market consolidates around 3,000-3,030, with a target near 2,950-2,900.
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The evening market moved up to around 87,700, then rose to around 88,400 before pulling back to around 87,500, and later rebounded to around 88,600 with sideways movement.
During the day, the overall range remained between 87,500 and 89,000 with sideways consolidation, and the daily candle closed as a doji with a positive body. The four-hour chart shows increasing momentum, with still some resistance above, and the hourly structure indicates a narrowing of the consolidation with two consecutive bullish candles, with a high entry point during early morning.
Wednesday early morning:
Market consolidates around 88,900-89,400, with a target near 87,500-87,000.
Market consolidates around 3,000-3,030, with a target near 2,950-2,900.