has been trading on a 4H Channel Down ( RSI
= 51.657, ADX
= 34.553, Highs/Lows = 0.0000) glued to its Lower High trend line
though and if it doesn't make a new Lower Low below the 8,890 4H Support, it will most likely approach 9,480 again in an attempt to break even higher (9,960). For that to happen a MACD
Golden Cross needs to take place so we will be keeping an eye on that.
On a different scenario, if the 4H MA50 breaks it will most likely lead to a 4H Support break out and the immediate target will be the MA200 at 8,400. So our suggestion to short term traders is to trade the break outs.
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