Price is testing our major support at 15581 (ascending support line, pullback support, 50% Fibonacci retracement, Fibonacci extension) and a bounce could occur at this level to push price up to at least 17214 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (21,5,3) is seeing major support above 8.3% where a potential corresponding bounce could occur.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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