As you can see is the 8700 level very important.
The blue resistance line got REJECTED 3 times
On the MA you see a bullish cross wich is a positive sign. This could mean it breaks the blue resistance line but it's not certain because last time it got rejected as well.
Personally I think it's going to BREAK the blue resistance line this time, going up towards 9K.
If not:
8700 --> 8300/8400 --> retesting 8700
If it gets rejected again.. going to the lighter blue line (6250)
You know what happens after that.
The blue resistance line got REJECTED 3 times
On the MA you see a bullish cross wich is a positive sign. This could mean it breaks the blue resistance line but it's not certain because last time it got rejected as well.
Personally I think it's going to BREAK the blue resistance line this time, going up towards 9K.
If not:
8700 --> 8300/8400 --> retesting 8700
If it gets rejected again.. going to the lighter blue line (6250)
You know what happens after that.