We managed to break the trap support/resist 1h cloud boundaries of 50 MA and 200 MA on hourly downwards, but since we still created a higher low nothing is 100% sure yet.
- Long:
If we manage to return on the 4h above the blue line (10200-10225), then we will be testing the next blue line (10615-10650), if we manage to break above it then we could be aiming towards the 12k (As we passed the 4h cloud, and almost all the resistances, which means it can give us strong push to suppress the triangles/flag top barrier...
- Short:
If we remain below 10200, and retest 10050 (And close below it which will reverse most indicators), then we will continue retesting the 9000-9500 zone, I think that if we touch the descending floor 1 more time this will turn the entire market upside down...
Buying power continues to create lower lows, if the bulls won't hold this current level it could turn out to be very bad for them, as bearish panic always has big scary moves...