BULL TRAP PART 2
HELLO!
yesterday we closed below ma200 and below critical fibo levels all around 8220 area. we can also see the bearish shooting start pattern supporting our bearish scenario. this scenario is still on until market close above 8220 area. key support area located around 7860, breaking that level will put more pressure on the index and the bears will try to go all the way to the last lows. market is very fragile since we start this week and any bad news can trigger another big fall. stay tuned for more!
yesterday we closed below ma200 and below critical fibo levels all around 8220 area. we can also see the bearish shooting start pattern supporting our bearish scenario. this scenario is still on until market close above 8220 area. key support area located around 7860, breaking that level will put more pressure on the index and the bears will try to go all the way to the last lows. market is very fragile since we start this week and any bad news can trigger another big fall. stay tuned for more!
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