The Index has fallen below a critical support level at 3306.25 in the H4 time frame and will need to hold at the next crucial level at 3218.50 to avoid further decline.
The Index has dropped more than 7% from its previous highs at 3538.00 and could turn into a major pullback if it fails at the next three major levels at 3218.50, 3130.25, and 3041.50.
The Index has dropped more than 7% from its previous highs at 3538.00 and could turn into a major pullback if it fails at the next three major levels at 3218.50, 3130.25, and 3041.50.
