We've got multiple factors of confluence, Daily Chart hitting previous support, now resistance. Bearish Divergence on both the Daily and Weekly charts. Also weakening Stochastic's on the 4 hour timeframe (not shown). Profit Target around 8863 shown by the $ sign
Note
Active Trade @ 8852 entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.