Date: November 19, 2024
The current market is still in a consolidation phase, requiring patience to wait for clearer trends.
Daily Level: Yesterday's daily candle closed with a long upper shadow, while the CCI indicator remains at a high level and the RSI indicator is still in the overbought zone, indicating that upward pressure still exists.
4-Hour Level: Looking at the 4-hour level, the pattern appears to be a breakout from a converging triangle, so the short-term trend may continue to break upward.
Tip: If looking bullish in the short term, the target levels to the upside are 92500 and 94000; if the breakout fails and the trend reverses downward, the nearest support level below is around 83300.