has formed ( )
We broke 50 level resistance, but looks short lived, for the time being.
Once resistance was met around 6797 range, 3 candles formed.
If we break support around 6542, we could test the support of the , roughly the 6000 range.
If tested we can break lower, we have tested that region multiple times. *LEVELS THAT ARE TESTED MULTIPLES CAN BECOME WEAKER AFTER EACH TEST*
We broke resistance around 6542 range. We are now testing that region for support.
If that level can hold, further momentum is in play. Next resistance will be around the 6900-7000 range. We can also test further resistance at 7300.
As the week continues, look to see if we can successfully close above 6542.