the Daily chart is showing bearish divergence between the price action and a variety of volume oscillators. In simple words , it mean that the bullish volume is fading away and the bears are entering the market for correction. According to the weekly chart, this correction is not going to be huge but it is a good entry point for long positions. Yet it is a good...
The price moved down as predicted in previous analysis and it just touched the support @ 8100 in the daily chart. Yet, the weekly chart is showing a reversal candlestick pattern. This indicates deeper correction that will take the price down to the next support level.