we are looking at a move towards the ultimate support, as I call it,
since it is the Yearly S1 and the Weekly upper Kumo Cloud support.
If that is broken, we are sort of closing in on the event horizone of
the black hole. The way the Monthly S1 just gave a bounce visible
on intraday charts, is worrysome for bulls. Still no real support
detected, just some hesitation around the SMA200 on the ,
which I have put up as resistance, if we do see a bounce.
5500 (Channel floor)
4900 88.6 Fib/ D-level
4200 Montly S2
3000 Ultimate S/R, Weekly Cloud support/ Yearly S1
8000 Support level/ SMA200