As you can see we had an important support area after the long shadow on 26th Oct. and the support is already broken and came to a new lower level of the price. bellow 10058. (the green line)
Also with MA 20 you can also get a bearish signal as you can see on the photo.
and we do have bearish engulfing lines on candles.
But here we do have the the strong support area at 9100-9200.
And we do have the cup on the yellow spot
So I believe the market will keep going down until reaching the mission of touching the support area. but after the downtrend we will see much stronger uptrend attempt to break the resistance line. maybe up to 10600.
Also with MA 20 you can also get a bearish signal as you can see on the photo.
and we do have bearish engulfing lines on candles.
But here we do have the the strong support area at 9100-9200.
And we do have the cup on the yellow spot
So I believe the market will keep going down until reaching the mission of touching the support area. but after the downtrend we will see much stronger uptrend attempt to break the resistance line. maybe up to 10600.