Price has continued to test our resistance area at 15319 (Fibonacci extension, 61.8% to 78.6% Fibonacci retracement area, swing high resistance, bearish bat formation) and a strong drop could occur from this level to push price down to at least 12915 support (Fibonacci retracement, horizontal swing low support).
Stochastic (24,5,3) is seeing major resistance below 97% and has good downside potential.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
