before we were hoping 58500 would act as support as it did in the past, but with bearish pressure it didnt price siled straight through
we are looking for a retracement to around this major level with another bearish move to the next major level
short opportunities from 5800 - 5200 (another mojor level)
previous major support was tested without the strength to break through, bearish trend continued and closed above previous major support zones. A strong bullish move could signify a potential break through the mid point with targets at the previous major resistence level, signifying new highs. However if the mid point fails price action patterns may show more...
