The current price structure in are not favorable to stocks investors, first 3 Oct all time high was not sustainable and price quickly retraced. Market seems like forming a "double top" like formation, but not symmetrically align with classic . With this formation, crucial support could be seen on neckline or previous low 23088.
On the right char (2 hours chart), the current price is trading below 9 multiples golden ratio 25446 and heading to 10 multiples 24507 770 points of room from now. If price continue to swing lower, next projection target at 22987, which align with the daily "double top neckline".
The above analysis will be violate if price form higher high structure.
Trader please play forward to update price chart.
Trader please monitor 25289 level to determine the next direction, if price trade lower low below this level will see selling. Above this level with higher high structure will see price continue to rebound with target at 25526.