SUSTAINING UPWARD MOMENTUM
Despite the cautious signals at the end of last week, the market still made an effort to gain points with a Hammer candlestick pattern. Liquidity decreased compared to the previous session, indicating that supply is showing signs of cooling down and reducing pressure on the market.The recovery signal confirms the support from the MA(10) line and negates the pullback signal from the previous weekend's session.
Fluctuations may continue in the next trading session, but with the current upward effort, the market will have the opportunity to continue challenging the 1,900 – 1,920 zone, the upper boundary of the Medium – Long term uptrend channel.
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