The inside day candle stick formation on Friday followed by a gap down opening and a big sell-off yesterday suggests the retreat from the high of 10,780 (Sep 8 high) has resumed and the index is likely to test 10, 182 levels (100-DMA + monthly pivot support).
Only a daily close above 10,705 (Sep 22 high) would signal bearish invalidation.
Only a daily close above 10,705 (Sep 22 high) would signal bearish invalidation.
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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.