Despite some bullish signs on intraday charts it is the daily timeframe that is the governing one, as we see a continuation down after the retest of the broken Cloud. There has been some bullish pressure as seen on the MACD indicator but currently price follows suit and moves down. The Hammer from Jan 17 is still valid but will be erased if price moves below 9222 level. Just below that stands the pivot confluence support at 9000. If its taken out we are looking at the S/R zone just below 8000 (red lines). Bulls would like to see a close above the Monthly pivot point at 11450 for a start, to relive downside pressure and ultimately a return inside the Cloud. Overall trend is bearish and the breakout level has been retested and acted resistance, so all is set for further downside. What mix up the picture is the Hammer candle, which indicate a reversal point and taking out of the 14619 high from Jan 13.