Support at 3100 today on profit take buy but a violation of 3-bottom formation this week, under 3150, means more bad news for bulls next week.
Immediate dwward risk towards 3000 if 3100 breaks on Monday. At the same time, 3000 looks like a major pit stop for bounce for “this round of bears” from 3450. Unlikely to go all the way dw to 2800-2880 gap w/o some bounce first.
Immediate dwward risk towards 3000 if 3100 breaks on Monday. At the same time, 3000 looks like a major pit stop for bounce for “this round of bears” from 3450. Unlikely to go all the way dw to 2800-2880 gap w/o some bounce first.
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