The price will fluctuate between the two price areas of 7.60 to 5.40. But due to increasing pressure from sellers, we expect the price to continue to fall, however, we can create a sell deal with a target of 5.80 and a loss limit of 7.70.
Finally after a long time of consolidation phase it gapped up today and didnt give chance to trader to enter at a retest. Buyers were very aggressive and didnt let the price fall down. I think from here the only way is north.
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The market need to do a pull back at the resistance level which will work as a great magnet/support, and after this recent candle we can expect a down within the level of 10.17,
