DJI Monthly Critical support must be held in this TF if so a retrace can be initiated...and another move down is possible after that if the second target can not be held.
A weekly close below 8000 and specially 7800 is lethal for the buyers
A monthly close below support will endanger buyers tremendously
Pros: Great Support-Patterns-Divergence-Possible reversal candle Cons: Close below MTF support-Pullback potential to MTF channel top