Its decision time for this index. Price is sitting right at the supporting trendline
and is confluent to the 200 MAV at 4775.
A consistent break here, and we start to look at possible Fibonacci levels of support
The .382 fib level at 4697 is a natural target for any further corrective movement.
Momentum is to the downside with RSI printing 37 on the daily. Since not OS, there is
room to move lower.
and is confluent to the 200 MAV at 4775.
A consistent break here, and we start to look at possible Fibonacci levels of support
The .382 fib level at 4697 is a natural target for any further corrective movement.
Momentum is to the downside with RSI printing 37 on the daily. Since not OS, there is
room to move lower.
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