50% Fibonacci Retracement level would still be considered as Normal. (8100 Level)
Crossing Below this level, we could consider the Uptrend is Over and Shifting to downtrend.
If crosses 50% Retracement level, it would implied crossing 200 EMA, 50 EMA and 20 EMA.
(Still a lot of Support to Cross) No panic! :)
Crossing Below this level, we could consider the Uptrend is Over and Shifting to downtrend.
If crosses 50% Retracement level, it would implied crossing 200 EMA, 50 EMA and 20 EMA.
(Still a lot of Support to Cross) No panic! :)
Comment:
Price is trying to reject 200 EMA as support. If we break down, we will easily reach 20 EMA as next support.
Comment:
After rejecting 200 EMA, seems retracement is over. Next level to reach is 2 days previous high 9500 level
