Looking for a drop down to the blue 100 hour MA if it cant get above 7000. Would hit perfectly along with the drawn trendline. Break of green line could mean further downside. Time will tell.
Comment:
Currently holding quite nicely on the trend line drawn, still expect a pull back after it failed to breach the 7000 mark. Will update in the next few days.
Comment:
Pullback has taken place. If this area holds we could see another push to break the 7000 mark and hopefully a break. Quite a bit of support at its current location so time will tell.
