🧠From a structural perspective, the yellow support zone around 115,000 ultimately failed to hold, turning it into resistance. Only by holding above this level can we maintain an optimistic bullish outlook; otherwise, we need to be wary of the risk of a further pullback!
➡️The neckline support failed to hold, so this level will provide weak resistance. Strong resistance lies around 114,000-115,000.
➡️We've currently held above the daily S/R ratio. The next key support level is at the weekly S/R ratio.
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