So it found the 200 MA as a good support for a bounce, but still that downward trend line tends to be a good resistance. Certainly, this could go either way, but wait for closing confirmation. We have to close above that downward trend line.
If we close above it, I am aiming for 12300 as a good test of future Bullishness. If the resistance will be too strong, then a re-test of 11935 could become possible and then maybe further to the downside. But we'll review that later. One step at a time.
As always, be careful and keep your eyes on the price action!
If we close above it, I am aiming for 12300 as a good test of future Bullishness. If the resistance will be too strong, then a re-test of 11935 could become possible and then maybe further to the downside. But we'll review that later. One step at a time.
As always, be careful and keep your eyes on the price action!
