@Madhatta2411, yes. It will get exhausted trying to break $12400 and head back down to $8000. This will complete the correction which started a month or so ago. After that upwards move will be stronger than ever.
Senecko
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@zryk, i have same idea it will finish zigzag correction at around 8k and than move on also 12400 area was reacting like support which we broke and now it will be resistance.Also 8k level wasnt tested after the break so i am 100% with your idea
zigger
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AAlFadhala , thanks for the post what happens after 14k ? how much of retrace back do you expect ?!?