The 200W MA acts as support where also the 50MA is resistance as we can see the price action being rejected at that level
The key level to watch is the 200Week Moving Average, if price levels hold at 3k with volume to support we can call it the bottom.
However if price falls below the 200W MA and closes below that, we will be heading to lower price levels
The key level to watch is the 200Week Moving Average, if price levels hold at 3k with volume to support we can call it the bottom.
However if price falls below the 200W MA and closes below that, we will be heading to lower price levels