Key Element to Note: Increased VOLATILITY in the index
The Gradual increase in VOLATILITY shows the SELLERS strength coming in on each push higher which makes this script unattractive for Fresh BUYERS. The KEY SUPPORT area is important for the Overall upward momentum to survive longer with current selling attacks at higher levels. Overall PriceAction orderflows are still towards buying side even though it’s showing exhaustion & weakening in it’s footsteps. As i mention earlier, watch out the key support layer as a defense line for bulls for now.
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