🌅 Morning Market Insights: December 24, 2024 🌅
After a night of coding and strategy building, here’s where the market stands as of this morning:
⏳ Current Situation:
🔹 Resistance in Play: The downward slope line continues to apply selling pressure. A sharp breakout isn’t expected yet, but I’m watching closely.
🔹 Key Levels to Watch:
93,500: Must hold above this on the next pullback to confirm a bullish continuation.
92,000: Critical support level—breaking below this signals the bearish trend remains.
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📊 The Bigger Picture:
4-Hour Timeframe:
By 8 AM, I’m watching for a bullish candle to form. Breaking and holding above the downward blue trendline would indicate a shift into a bullish phase. Otherwise, the market remains in a bearish setup.
Daily Timeframe:
Support at the mid-range channel and the 4-hour Fibonacci lower band adds strength to the market.
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🌍 Market Dynamics:
The holiday season may ease selling pressure, but the real momentum will depend on how the Asian session traders react.
A strong Asian sentiment could fuel further upward movement into the American session.
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💡 Pro Tips for Traders:
🚫 Don’t short impulsively during a bullish candle formation.
✅ Wait for proper confirmations—trading without a plan is gambling.
🔒 Always use stop-losses to safeguard against unexpected volatility.
📉 Reduce exposure in uncertain conditions; it’s about protection, not perfection.
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🎯 Remember: This is about smart trading, not gambling. The market rewards patience and discipline. Stay focused, stay informed, and always trade responsibly.
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