The last test of 10000 wasn't exactly a feeding frenzy and downward price action is starting to regain some momentum. Another test of 10000 might potentially lead to a break this time. Folks should be mentally prepared another leg down.
On the other hand, a strong rejection or another false-break of 10000 could send prices upward to eventually retest 13000.
On the other hand, a strong rejection or another false-break of 10000 could send prices upward to eventually retest 13000.
Comment:
Price action has been stable with a hint of bullishness but until confirmed otherwise, the short-term bear trend is still valid.
