It is supported with 200 MA on 60-chart.
It is forming a small channel on the retracement having fallen since June 27th. It is going to end up with showing a Flag Pattern.
If failing to support 200 MA, existing declining energy will drive down to the price of 8,700 to 8,400. It will be a good opportunity to buy.
It looks like the price to seek a short position...
We are heading toward the resistance at the middle of a falling channel.
Without any long candle hiking up through the resistance, it will be until 7,800 that we will be supposed to follow the streamline of “short”.