Big sell off likely due to yesterday's volatility spike. Daily MACD moves closer towards convergence. Further correction could send us as low as 3300.
Support levels can be seen at 3900 -> 3700 -> 3600 (200EMA) -> 3450. Extreme low of 3300 if we cross MACD.
A hammer candle close on H4 chart could push us back to 4150-4200. Expecting some resistance around 4050.
Support levels can be seen at 3900 -> 3700 -> 3600 (200EMA) -> 3450. Extreme low of 3300 if we cross MACD.
A hammer candle close on H4 chart could push us back to 4150-4200. Expecting some resistance around 4050.
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