Will it retest 6200 you think? Is 7800 a retracement level?
phire
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@userbeauty, Retrace down to 6850 = 1st resistance. If it is bullish signal reversal it will bounce from there. If it breaks down it will attempt to retest low @ 6000 to make a new low to fulfill wave pattern down.
phire
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@phire, Actually, FIRST resistance is the trend channel in the chart. 2nd would be 6850 as more solid resistance.