As everyone is aware we recently had a large market sell off before stabilising again slightly. Now when it comes to the indices there are more fundamentals that come in to play than with Forex, but from a technical stand point i can see this having the potential to drop to 8000.
a Daily close below 10000 weekly support would confirm an entry for me. You can see from this 4hr analysis we have great confluence for the 8000 target as a new monthly low.
Target 1 = 9365
Target 2 = 8650
Target 3 = 8000
a Daily close below 10000 weekly support would confirm an entry for me. You can see from this 4hr analysis we have great confluence for the 8000 target as a new monthly low.
Target 1 = 9365
Target 2 = 8650
Target 3 = 8000