STRUGGLE AT 1,700
The market experienced a retreat after several instances of resistance pressure from the 1,730 zone; however, it is temporarily making an effort to maintain equilibrium around 1,700 points, as shown by a Doji Star candle. Liquidity increased compared to the previous session, indicating a dispute between supply and demand as the market pulled back.Although the market is attempting to balance around 1,700, the current retreat is gradually confirming the pressure from the 1,730 resistance area. The market may continue its state of exploring supply and demand in the next trading session, but the potential for correction remains underlying for now. To regain positive momentum, the market will need more time to establish an equilibrium zone, and cash flow must maintain its supporting capacity.
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