Testing the crucial level now216.70

The rebound at 200 psychological level that happens 2 days ago is seeing some upside. Moreover, the strong upside on Wednesday closes above the falling wedge may give a good bull run till the major resistance ahead at 216.07. However, yesterday bull's before the market closes were weaker than expected, with price testing the 200 days MA and 50% fib retracement of the wedge. So right now we are at a crucial level. Retracement pulls back or false breakout have to see today's price action.

Kommentar:

200.00 level is tested again despite the formation of an evening star.