2026-03-12 10:51:15

Evening Market Outlook

• 69227 is the current strongest support level: it has been tested four times without breaking, indicating likely institutional support. The longer 69227 holds and the weaker the rebound, the higher the risk of a decline after consolidation; only a volume breakout above 71272 can open upward space.
• Current structure: triangle convergence + hourly W-bottom, with 70137 as the minor breakout level and 71272 as the resistance at the W-bottom neckline.

• Two possible scenarios:
◦ ✅ Breakout scenario: volume-supported stabilization above 70137 → push toward 71272; breaking 71272 → hourly W-bottom confirmed, target above 71817.
◦ ❌ Pullback scenario: volume-supported break below 69202 → failed retest → short chase, target 68211 to 67227.

Trading Suggestions:
Volume breakout and stabilization above 70137 → go long, with a stop loss around 69800, targeting 71272 to 71817.
Volume break below 69202 with failed retest → go short, with a stop loss around 69500, targeting 68211 to 67227.

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