My current view is simple:
As long as the **79K–87K zone holds**, I expect a **short-term correction/consolidation**, followed by another move higher.
However, if this range is decisively broken to the downside, I would consider that a change in structure — meaning the **medium-term bullish trend is still intact only if the breakout fails to invalidate it**.
In other words:
**79K–87K holds → short-term correction → potential continuation higher.**
**79K–87K breaks → reassess the structure and the medium-term trend.**
The level matters more than the narrative.
As long as the **79K–87K zone holds**, I expect a **short-term correction/consolidation**, followed by another move higher.
However, if this range is decisively broken to the downside, I would consider that a change in structure — meaning the **medium-term bullish trend is still intact only if the breakout fails to invalidate it**.
In other words:
**79K–87K holds → short-term correction → potential continuation higher.**
**79K–87K breaks → reassess the structure and the medium-term trend.**
The level matters more than the narrative.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.