On the we seemed to have formed a harami candle, and if we close with this, my short term sentiment of at least retesting the 6800 resistance will be more certain. I have found other examples of this set up (circled in purple) where the trend has broken down and then bounced back up. This is not always the case, but something I feel is possible. We also appear to be forming the right shoulder of an inverse head and shoulder pattern on the daily as well. If we are to bounce from this level and break the resistance, then I will be targeting between 7100-7200 since that is right around where the 100 lies and that resistance is very strong as well.
Last, there does appear to be some on the daily as well, and is by no means in the overbought zone which leads me to believe that there is still a bit more room to go upwards before another massive sell off and another long drop to the downside.
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