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Triangle consolidation at the end: 60.7k is the life-or-death line—hold it and you can aim for new highs. If it breaks down, you’ll go straight to watching 58.9k. I’ve locked in on this level.
As of now, we are trading inside a symmetrical triangle, which is generally considered a neutral chart pattern. This means the probability of a breakout in either direction is roughly 50/50.
If we get a bearish breakout, then I expect a move down towards the 60.7k region. That level needs to hold if we want to see continuation towards the upside.
Lose 60.7k, and 58.9k will be next.