A strong close below the 50 day moving average will also be a close below recent and a signal. We could then see a move down to the 100 day moving average, which would coincide with the psychological level of 10k.
However, a close today above the opening price of 14481 would show a rejection of the 50 day moving average, a rejection of the , and also a rejection of the monthly . This would be a strong signal from tomorrow onwards.
Today is key. We are at the crossroads.
Looking bearish, but we wait for a close below the 50 SMA / trendline / monthly pivot for confirmation of short bias.
Its all a guessing game though until we have today's closing price to complete the picture.
It's looking good enough to me... technical analysis can be as much of an art as a science at times. We've formed a nice reversal pin bar. A close above the open (14481) would be preferable, but a close above the 50 SMA is still quite bullish for tomorrow.