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This is an invented, scripted market example. JavaScript is needed for its interactive chart and presentation cycle; the opening read remains available below.

Opening conditions: the long reclaim depends on 4202.0, with 4208.0 the first test. A close below 4200.0 suspends the immediate view. The earlier 4198.9–4199.6 area needs a break, failed reclaim and renewed downside for wider structural failure.

5-minute view

DEMO

Meridian’s Read

I favor the long side
while 4202.0 holds.

A 10-minute rebound recovered 4.0 points of a 5.2-point retreat that took 40 minutes. The old ceiling is still ahead.

My next test is 4208.0. Acceptance above it would bring 4212.0 into view.

Request a licensing evaluation

I favor the long side
while 4202.0 holds.

The recovery has a sequence.

Meet Meridian

I favor the long sidewhile 4202.0 holds.

I favor the long side
while 4202.0 holds.