We have reached the upward level of the channel , clear bearish candle of today is the start of a downtrend
Trade active
⋅
Bulls do not give up easy. Still maintaining bearish position as 12500 is not breached. Rsi showing clear signal of weakens
Comment
⋅
12500 is a critical level and if we stay below it look for targets at bottom of the channel , it might take time but remember this is a weekly channel .
Comment
⋅
12500 is broken and we are looking now at 12300 as strong support area , if broken 12000 will be the target for this analysis
Comment
⋅
Still 12000 level is holding and we are in the middle of bull-bear fight claiming upper hand
Comment
⋅
Target one achieved , you may ride to previous bottom 11500
Comment
⋅
Approaching end of tunnel , watch out for price action around 12000