The daily chart shows as multiple rejections, where the moving average based support meets the static one. It was a logical point of some reaction and could be anticipated in advance. Neither side is winning and there is a potential to resume freefall towards 200 Moving Average as we retest 10500 at the weekends. Weekends are usually bullish, thus I am more bullish short-term until Sunday. Monday or Tuesday might probably give us more clues where the price will go. If we close below 100 EMA daily, I wouldn't consider long until we get to 200 MA.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.