We went up pretty much. 6700 to 8100 and even 8450.
but bulls are losing steam here. if you take a look at RSI, It's going down and showing bear divergence.
So, I don' see it going up more than 8450. Correction time.
I do expect a little bounce from 0.382 line, but if we get rejected at 0.236 line or any resistance, I see it going down to 7471~7600 area which is 0.5 fib line and looks like a big support zone.
Risk/Ratio is really good to enter short here. set S/L at 8460 and ride :)
but bulls are losing steam here. if you take a look at RSI, It's going down and showing bear divergence.
So, I don' see it going up more than 8450. Correction time.
I do expect a little bounce from 0.382 line, but if we get rejected at 0.236 line or any resistance, I see it going down to 7471~7600 area which is 0.5 fib line and looks like a big support zone.
Risk/Ratio is really good to enter short here. set S/L at 8460 and ride :)