With that weekend plunge we did fall through the trend line, the 21 daily and the 3 weeks' support zone. Currently we bounced back from the daily 55 right into the support zone again but not the other 2. A pullback like this is very common and might likely end up with further downward movement.
For now we have the daily 55 around the psychological level of 10k and another support zone right between 9575-9750 involving the neckline of the double top formation. I think both will be tested by the end of this week.
The end of the day will reveal some fate.
For now we have the daily 55 around the psychological level of 10k and another support zone right between 9575-9750 involving the neckline of the double top formation. I think both will be tested by the end of this week.
The end of the day will reveal some fate.
Dagangan ditutup: sasaran tercapai
Tested for 2 days and correctivly pulled back.Nota
Both the 10k and the neckline have been tested today, the latter been rejected. But currently further downside towards 8.5k the 50% retracement seem most likely to me.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.