As can be seen comparing the osscilator to the price action we have formation of a bullish divergence .
If the necessary volume comes in to push it up we might see a retest of 6600 and higher possibly with a retest of the highs around 6670-75.
If you trade this I advice a tight stop loss around the low of the previous candle. if it breaks that low we can expect to continue to lower levels with the next stop around 6300.
This is not financial advice, just my thoughts and ideas.
If the necessary volume comes in to push it up we might see a retest of 6600 and higher possibly with a retest of the highs around 6670-75.
If you trade this I advice a tight stop loss around the low of the previous candle. if it breaks that low we can expect to continue to lower levels with the next stop around 6300.
This is not financial advice, just my thoughts and ideas.
