The price broke the near downtrend and close over the old broken uptrend but its rebounded from the 50% Fibonacci level and the center line of the new up channel.
In my opinion it will test the 9000 level which will play a powerful support (the bottom of the up channel, the broken downtrend, broken resistance, moving average 50).
So the price can bounce from this level to go to the top of the old down channel.
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In my opinion it will test the 9000 level which will play a powerful support (the bottom of the up channel, the broken downtrend, broken resistance, moving average 50).
So the price can bounce from this level to go to the top of the old down channel.