Although everything seems mostly bearish after todays down move. It has formed a bullish divergence (yellow lines) at a very interesting level (which has served both as resistance and support june 13).
If it can hold this level until the candle close a bounce from this level (if it goes below 6255 this setup is annulled) should not be excluded although OB is showing a very thin support.
This is not financial advice, just my ideas and thoughts.
If it can hold this level until the candle close a bounce from this level (if it goes below 6255 this setup is annulled) should not be excluded although OB is showing a very thin support.
This is not financial advice, just my ideas and thoughts.
Comment:
There are some possible bearish divergences forming on the lower timeframes but if 6400 breaks these will be invalidated. Expecting price to bounce between 6300 and 6400 for the rest of the day for further consolidation at these levels.
At that point we should see a considerable amount of buy power come into play.