Analysis & Strategy Notes:
• Symmetrical Triangle Formation: The price is consolidating within a symmetrical triangle pattern, formed by converging trendlines (lower highs and higher lows).
• Key Breakout Levels:
• Upside break: Above ~4,015 with strong volume suggests a continuation toward 4,200 and potentially 4,400.
• Downside break: Below ~3,846–3,800 on increased volume could trigger a short-term downward move.
• Market Context: Current volume is relatively average, indicating a waiting phase. A volume surge at the apex of the triangle will likely confirm the next major move.
• Risk Management: Keep an eye on the volume and price action at these critical support/resistance zones to minimize risk and maximize potential returns.
