Its very important to held support at this area for it to be a possible divergence and an end of bear market, for today's analysis 7650 should hold for this pattern to change and a push upward, tomorrow will be 7700 which is the cross over of previous higher lows "the new trend" and 618 fib from the 200 price area to our previous ath, which likely to happen to be our way exiting this bear trend if we held this area, for other scenarios below the trend we can visit 7340 area and in order to stay bullish we need not to close a daily candle below this new trend, also a scenario of visiting 6400 area that red box down there or anywhere at this red line would be very very bearish if we broke this line and closed below and it means this corrections is still on and we are going to see lower lows and a longer consolidating time
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P.S. this pattern has been forming and doing a lower lows at many time frames since ATH, and the last two ones has preformed a higher lows unlike the previous ones which indicates for a pattern changing very soon is getting on, so be careful these days and be patient is whats more important.
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Comment:
im preferring those two scenarios or any form of holding this uptrend