A price action below 2570 supports a bearish trend direction.
Increase short exposure for a break below 2560.
The target price is set at 2280 (23.6% Fibonacci retracement level).
The stop-loss price is set at 2910 (61.8% retracement level).
The declining channel pattern supports lower highs and lowe lows).
Also remains below its 200-day simple moving average.
Remains a risky trade.
Increase short exposure for a break below 2560.
The target price is set at 2280 (23.6% Fibonacci retracement level).
The stop-loss price is set at 2910 (61.8% retracement level).
The declining channel pattern supports lower highs and lowe lows).
Also remains below its 200-day simple moving average.
Remains a risky trade.