V75 has been on steady downtrend since yesterday, Wednesday February 1, 2023, forming lower lows and lower highs.
376,000 area acted as support before eventually giving way to the high momentum of the downtrend. This level is now acting as resistance; the box highlighted is also around the high of today.
You’ll also notice how pricee tested the 376,000 about 2 hours ago and fell back. Same scenario is happening now on the current hour candle.
We will wait till the hourly candle closes to give entry on our signal group.
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