Disliked{quote} we have already had a 38.2 retracement to 2336.50, so that can be enough for another leg down and the price action on H1 looks like another leg down without further retracement. If it had gone up further first like your chart, I would be more confident of a greater fall to 2250 or even 2214. As it stands its below the channel, below monthly open at 2327.36 which is now proven resistance, BUT also resting on support on the daily ema50. Daily was also bearish engulfing. I"m expecting (hoping?) short from here but not as far. Time will tell...Ignored
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