The main trend is down according to the daily swing chart. The trend turned down earlier in the session when sellers took out 16292.00. The new main top is 16564.00.
The first potential support area is a retracement zone at 16280.50 to 16130.00.
The second potential support zone comes in at 16075.75 to 15938.00. The latter is a potential trigger point for an acceleration to the downside.
The first potential support area is a retracement zone at 16280.50 to 16130.00.
The second potential support zone comes in at 16075.75 to 15938.00. The latter is a potential trigger point for an acceleration to the downside.