Daily price is located below 200 SMA in the bearish area of the chart. The price was bounced from 55 SMA to below for the daily bearish trend to be continuing with support level at 3618 as the nearest target to re-enter. Alternatively, the price will be on secondary ranging within the primary bearish market condition waiting for direction. Trading Summary: daily bearish trend to be resumed.
Daily price is located below 200 SMA in the bearish area of the chart. The price was bounced from 55 SMA to below for the daily bearish trend to be continuing with support level at 3618 as the nearest target to re-enter. Alternatively, the price will be on secondary ranging within the primary bearish market condition waiting for direction. Trading Summary: daily bearish trend to be resumed.
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Daily price is located below 200 SMA in the bearish area of the chart. The price was bounced from 55 SMA to below for the daily bearish trend to be continuing with support level at 3618 as the nearest target to re-enter. Alternatively, the price will be on secondary ranging within the primary bearish market condition waiting for direction. Trading Summary: daily bearish trend to be resumed.