Price reacted off its descending resistance line and we look to sell at 6445.2 (61.8% Fibonacci extension, horizontal swing low). We expect prices to push down all the way down to its next support at 5835.5 (61.8% Fibonacci extension, horizontal swing low support).
RSI (89) is being held down by a corresponding descending resistance line which contributes to our bearish bias.
RSI (89) is being held down by a corresponding descending resistance line which contributes to our bearish bias.