The last trade was very profitable (buy lime, sell fuchsia). Now it's at the center of a range, so let's take a look at the daily:
Based on the daily we bought September 1, and now its in a range. The stoploss could be below the range or below the lime line.
Based on the daily we bought September 1, and now its in a range. The stoploss could be below the range or below the lime line.
According to daily the day it close below 10k you could have taken a short, and it's still trending down.
But, The montly is still in a neutral zone, and it's at a critical level, take a look at the chart below...
If september closes below 7800, take it as a red flag. A close below the ema 9 has always been followed by more downside in the next months after a small rally.
The weekly broke down the range but it's not trending down...
It looks bad, but there's still 4 days to go before it closes.
For now, just look at the daily, next week will be important, next monday will be an important day.