I believe we are going to bounce from here. If this line is broken we can expect a more BEARish market. This support needs to hold.
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If the price can hold above this long standing trendline it could mark the end of this shortterm correction. Once the line is breached there is a solid resistance in the 8400 range.
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9847 on the trendline showing major resistance if this breaks I suspect we will drop and range between 6k - 8k shopping area.
Needs to hold in what time frame for you to feel comfortable? The daily candle needs to close above it? or just hold another 2 hours? Thank you for sharing your thoughts.
atomica
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atomica
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If the price can hold above this long standing trendline it could mark the end of this shortterm correction. Once the line is breached there is a solid resistance in the 8400 range.
mmsantos.br
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Everything seems bearish.
atomica
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Accidentally moved the line but if you check earlier charts and press play it still lands exactly on it.