To close at 1267 (about 38.2% Retracement) seems promising in a short run, however, when Index faces with a resistance area and also a upper limit of downtrend channel, it shows a sign of weakness by a bearish candlestick.
The last two candlestick in Tf day are also a bearish engulfing.
But shall it rebound a little bit to widen in downside?
The last two candlestick in Tf day are also a bearish engulfing.
But shall it rebound a little bit to widen in downside?