Lots of things happening here.
1. Possible head & shoulders formation taking place. Need a break of the neckline at 6698 to validate this set up. Targeting 6608.
2. Upward trend line has been broken and price managed to retrace, breaking it to the upside but failing to make a higher high (till now). Look for short positions from 6732.
Notes on chart.
1. Possible head & shoulders formation taking place. Need a break of the neckline at 6698 to validate this set up. Targeting 6608.
2. Upward trend line has been broken and price managed to retrace, breaking it to the upside but failing to make a higher high (till now). Look for short positions from 6732.
Notes on chart.