This is, in fact, a very strong support. 200 EMA has not been broken in 3 years. If we breakdown here, we go to the 200 SMA.
eboves
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@rbenz, I do candlestick analysis. Everything is based on price action so EMA and MA I just found support and resistance using candle
dessokalski
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how do you post?
eboves
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@dessokalski, blue bottom down right corner it says publish idea :)
Zakir-Ahmed
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u r safe untill 8.7k below that short..just touched 200 ema it may take a reversal to 11k..
eboves
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@ghose12, you are probably right, but it will hit 8200 any time soon. Even though I have the MA I used candlestick to identify my support and resistance