We fell sharply form 8400 to 5900 as etf was denied without any retracement.
Current bounce is just a relief rally not more than that.The most logical place to enter short is between 7300-7400.
Resons:
7400 is supply zone
Multiple trend lines acting as resistance
0.382 fib level, this level is important resistance.
declining volume
Current bounce is just a relief rally not more than that.The most logical place to enter short is between 7300-7400.
Resons:
7400 is supply zone
Multiple trend lines acting as resistance
0.382 fib level, this level is important resistance.
declining volume