4H support holding up

The 7,828.70 - 8,000 support zone on 4H was strong enough to break the Channel Down. 4H is now on a typical bullish reversal pattern (neutral RSI = 50.573, Highs/Lows = 0, over bullish MACD = 18.400 and STOCH = 72.856). 8,777 is the Resistance and the first bullish target of an emerging Channel Up, assuming that the 8,300 support holds (otherwise will not allow the Channel Up to emerge).