If bottom is in place yesterday, then I think we could see price moving in the following pattern. It could move down near 6900 level and then create a higher low around that area and then start creating series of higher highs and higher lows. Would love to see it because series of higher highs and higher lows is what creates an up trend. We could see price reaching near 11000 to 12000 level once it breaks the down trending line which is around 8800 level today.
Lets keep an eye on these levels.
GOOD LUCK TO ALL.
NOTE: I am not a financial advisor and this is for education and entertainment purpose only. This is not a trading advise and just my opinion, please trade at your risk and do your research.
I agree, hopefully those higher lows have already begun.
I think so. I will follow you.