It is supported with 200 MA on 60-chart. It is forming a small channel on the retracement having fallen since June 27th. It is going to end up with showing a Flag Pattern.
If failing to support 200 MA, existing declining energy will drive down to the price of 8,700 to 8,400. It will be a good opportunity to buy. It looks like the price to seek a short position entry rather than a long one.
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1h 1h resistance.
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Flag pattern, Fullbak
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15M, short-term short, gartley
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short-term short, target reached.
Trade active
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1H, short
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1H, short-term Long.
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Do not break through the resistance seems to go down to the AB = CD pattern target value.
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30min, Falling wedge.
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30min, target area
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1H, If 50 ma is broken, it can go on at 9200~9180.
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