Price is at important point structurally, as we are making with 8968 top. Another observation is we are having divergence on . Current week is an important week on time analysis, we are completing 365 days that is one year from 6825 low.
If you will observe the same on weekly chart then approximately in 365 days from earlier small or big top or bottom we will form next small or big top or bottom. In weeks terms this is 52 weeks, another example of magic of number 52. :-)
On zone analysis--
Zone above the price is till 9119, any long trade can be taken only if price closes above 9119. We can see that zones are nearby which can lead to more if we move down. Traders need to be alert in such moves.
Up on closing above 9119 price pont we will move in new area of trading where zones will not help us, in such areas we will have to take help of Market structure, Fibonacci and trailing of stops. 127% of earlier move will be important price point.
On channel analysis--
Channels are marked on the chart, traders can take help or even trade the channels if they want. Make sure that you back test such policies and understand how price responds to price channels.