Market Consolidation and Key Levels: The price has broken the all-time high and stabilized above it. As long as it trades above 159.820, it will remain in the bullish zone, targeting 161.800.
Bullish Scenario: For the bullish trend to persist, the price must stabilize above 159.820, with an aim towards a target of 161.800.
Bearish Scenario: A downtrend will be confirmed if the price stabilizes below 159.820, potentially reaching 159.110.
Summary: The market is currently in a consolidation phase between 159.820 and 158.800. A break above 159.820 signals a bullish continuation towards 161.700, while stability below 158.800 indicates a potential decline to 157.970.
In summary, the key level to watch is 159.820. A move above this level confirms bullish momentum, while a drop below 158.800 suggests further downside potential.
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