Sideways market

5 Nis 2023

Expect sideways market most of today and tomorrow. Trendlines hold support. Only breaking these will some momentum kick in to fill the gap either upside or downside. Strangles are decaying quite well most of today.

Can turn bullish if short term upper trend line breaks and moves to wards the bearish long term trendline and R2 eventually.

5 Nis 2023

Not

There is an order block between 41300 and 41700. Market will try to mitigate that next so any downmove today or tomorrow till this happens is going to be very slight correction.

5 Nis 2023

Not

Moving to Weekly R1..

5 Nis 2023

Not

Expect a short halt at 41100.

5 Nis 2023

Not

Didnt reach R1 yet.. Struggling around 41000 levels may hit tomorrow. PE decay halted post noon. Expect tomorrow to be sideways till the RBI monetary policy comes out . Leaving hedge overnight..

Good night.