The index failed to sustain above 100-DMA level of 6801, which leaves the doors open for a drop to head and shoulder neckline of 6680.
A daily close below 6680 would signal a major trend reversal, given the pattern has appeared at record highs.
A daily close below 6680 would signal a major trend reversal, given the pattern has appeared at record highs.
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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.