OK, so this interesting. We are now at this support level, that could potentially be a bouncing point. But then again, all the brokers know that as well, so could be some forced selling. It's a great level, but be very careful.
The only thing here is to observe today's close:
If it's above 12450, then this support COULD BE a bouncing point,
but if it's below 12380, then we could see some more downward movement.
If it will stay in a tight range (indecisive) today, then there could be some good action Tuesday or Wednesday.
This is just an idea.
Keep an eye on the price action!
The only thing here is to observe today's close:
If it's above 12450, then this support COULD BE a bouncing point,
but if it's below 12380, then we could see some more downward movement.
If it will stay in a tight range (indecisive) today, then there could be some good action Tuesday or Wednesday.
This is just an idea.
Keep an eye on the price action!