6 July 2023 Market Analysis For JP225

2023-07-06 12:19Fonte:BtcDana

JP225 TECHNICAL ANALYSIS SHORT TERM VIEW    

 It is running in positive  trend and it has made complex correction  as marked by abc pattern on upside. So it can sharply jump above 34000  level .  Trend reversal  stop loss is 30700 and minimum target is 34000.Trend is upward and calculation are in continuation of trend so better to buy with strict stop loss for upside target 34000 towards.Strong support as marked in graph 31000 to 32072 .Inner calculation are showing wave 1 and 2 completed and wave 3 are running so it can fly also to 35000 or higher levels .

 QUICK FUNDAMENTAL LOOK                                                                     

Shares fall after little Fed surprise, China data and trade in focus,Fed minutes leave rate expectations intact.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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