Now the price has touched the support line. What we expect here is that it will bounce up to resistance at around 8k2 and break out. This is a daily chart. So we have to wait for last the candle to finish to know exactly what the market wants to go. If it is a pin bar, we can hope for a bounce back. If its not, we need to prepare for a new break down (so dont buy here).
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Okay, we have a reversal pin bar here
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This pin bar does not protrude the support line deeply, so the areas below this support is not retested to confirm the demand is high or low. We need to wait for more time.