If price breaks AND closes below 6440, then it's a short, as the side-wards resistance has worked out as a resistance and the 20 and 50 moving average support have failed. Price breaking below 6440 negates the signal also and is a huge downside move, which would hit the horizontal at 6150 and 5850 before any possibility of any bounce to the upside if 6440 is broken.
For now we must wait and see. No long as the candles are weak, and no short as 6440 ( signal) is not negated yet. So, wait.
Where do YOU think price is headed? Leave a chart in the comments and let's share our thoughts!
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