Why support @7700 is so important?

٢٩ مارس ٢٠١٨

A drop below 7000 opens the way to the 6000 and 5000...4000 area.
Bears are once again trying to overcome important support. This time at 7700.

٢٩ مارس ٢٠١٨

ملاحظة

Here it is:

٢٩ مارس ٢٠١٨

ملاحظة

A move below 6000 will change wave count from ABC to 1-2-3-4-5. First leg downwards?

٣٠ مارس ٢٠١٨

ملاحظة

There is also the possibility to stay above 6000 :)
Supports @6600 and 6000. And third impulse down. Already happened?

٥ أبريل ٢٠١٨

ملاحظة

The return to 7700 opens way to 8400:

١٢ أبريل ٢٠١٨

ملاحظة

Nice bounce, but too early to celebrate. Bullish bias begins above 8500.