Just a quick update of my quick scenario, normally descending channel don't breakdown. If we can't bounce over our precedent support zone (400 area) then this second scenario is more likely than the first one. We need at least a daily close over it be patient.
But hope is not totally end, MACD is ready to breakout the descending triangle and go bullish that could help us to reintegrate the descending channel and don't fall like a rock to 200 area and then 150.
See my precedent chart i linked for more informations.
Have a nice day.
As always, I'm not a financial advisor.
Important EDIT : Do not take into account the Timeframe.
Dagangan ditutup: hentian tercapai
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The support of the descending channel have hold. We are in the first case scenario again. I close this one :).