The index price failed to exceed the 55 moving average axis centered at 34300, forcing it to postpone the upward attack and begin forming strong negative waves, thus sneaking below the initial stable support at 33884, as shown in the attached drawing.
The price may currently be forced to form more negative trades due to the decline of the Stochastic indicator below the 50 level. Let us note that its infiltration soon below 33673 may force it to incur additional losses that may extend towards 33500 and reach towards 33264 .
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