It has passed the 50ema and currently testing the Weekly Support. The next level will be the 200, followed by the 800.
Triangular Direction Indicator ( TDI ) (not on the chart), shows market (yellow) has been gradually curving downwards, indicating downwards trend plus the (green) is also below the Liquid 50 level, pointing sharply downwards and a good 50 bounce.
Also notice the Band has begun to expand, showing the increasing for a downside push. Will have to see how it plays.