8920 for a long order, near term short

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CMF looks a bit overbought and BB% shows drop in strength, price action also suggests that we see lower before we see higher. Retesting the yellow line / previous support would be a conformation of bullish bias.

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ملاحظة

This recent attempt to break above 9160 again is over-extended: Volume is dropping which suggest that the move is running out of steam. At the same time we have a potential ascending triangle forming for a new break attempt to the upside on low volume is plausible -- if that fails I think we are heading back lower. Still expecting to re-test of former resistance to prove to be the new support (yellow line - 8975 area - 8840 even).

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ملاحظة

Adjusted support line - new ascending triangle forming, potential breakout

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ملاحظة

All those divergences on the first update were realized ...