Downside Prevails
Our Pivot: 1291
Our Preference: Short sell below 1283 with strict stop loss of 1291 and target at 1271 and 1263.
Alternate Scenario: Upward penetration of 1291 will call for 1297 and 1303.
NOTE: Capped by a negative trend line, and a bearish channel is formatted.
Chart with Supports and Resistances:
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