50% Fibonacci Retracement level would still be considered as Normal. (8100 Level)
Crossing Below this level, we could consider the Uptrend is Over and Shifting to downtrend.
If crosses 50% Retracement level, it would implied crossing 200 EMA, 50 EMA and 20 EMA.
(Still a lot of Support to Cross) No panic! :)
Crossing Below this level, we could consider the Uptrend is Over and Shifting to downtrend.
If crosses 50% Retracement level, it would implied crossing 200 EMA, 50 EMA and 20 EMA.
(Still a lot of Support to Cross) No panic! :)
Note
Price is trying to reject 200 EMA as support. If we break down, we will easily reach 20 EMA as next support.Note
After rejecting 200 EMA, seems retracement is over. Next level to reach is 2 days previous high 9500 level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.