🌅 Morning Market Insights: December 24, 2024 🌅

After a night of coding and strategy building, here’s where the market stands as of this morning:

⏳ Current Situation:

🔹 Resistance in Play: The downward slope line continues to apply selling pressure. A sharp breakout isn’t expected yet, but I’m watching closely.

🔹 Key Levels to Watch:

93,500: Must hold above this on the next pullback to confirm a bullish continuation.

92,000: Critical support level—breaking below this signals the bearish trend remains.

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📊 The Bigger Picture:

4-Hour Timeframe:

By 8 AM, I’m watching for a bullish candle to form. Breaking and holding above the downward blue trendline would indicate a shift into a bullish phase. Otherwise, the market remains in a bearish setup.

Daily Timeframe:

Support at the mid-range channel and the 4-hour Fibonacci lower band adds strength to the market.

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🌍 Market Dynamics:

The holiday season may ease selling pressure, but the real momentum will depend on how the Asian session traders react.

A strong Asian sentiment could fuel further upward movement into the American session.

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💡 Pro Tips for Traders:

🚫 Don’t short impulsively during a bullish candle formation.

✅ Wait for proper confirmations—trading without a plan is gambling.

🔒 Always use stop-losses to safeguard against unexpected volatility.

📉 Reduce exposure in uncertain conditions; it’s about protection, not perfection.

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🎯 Remember: This is about smart trading, not gambling. The market rewards patience and discipline. Stay focused, stay informed, and always trade responsibly.

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