*Only for study purpose. Consult financial advisor before taking trading decisions*
After falling from high of 831.5 to low of 750.75,
There was a retracement to .618(800) level before falling below 750.75,
After the fall, we can now see a consolidation at .618(700)
If the price falls below 700 by closing basis, it may go down to 687,
Or else it may bounce back up, where a close above 710 can be buy signal.
The RSI also indicates an upward movement.
After falling from high of 831.5 to low of 750.75,
There was a retracement to .618(800) level before falling below 750.75,
After the fall, we can now see a consolidation at .618(700)
If the price falls below 700 by closing basis, it may go down to 687,
Or else it may bounce back up, where a close above 710 can be buy signal.
The RSI also indicates an upward movement.
Comment:
For intraday there is the posiibility of retracement to vwap, looking at target of 692.5
Trade closed: target reached:
Attempt to climb back up failed.
Now we are looking at huge downside break