NARROWED THE LOSSES
The market continued to decline and fell into a short-term oversold state, below the 1,700-point area, before recovering. Liquidity increased compared to the previous session, showing that cash flow was actively absorbing supply at low price levels.The recovery signal and return above the MA(20) line indicate the supporting efforts of cash flow. A retest of the MA(20) area may occur in the next trading session, but the market is expected to continue receiving support at this level and recover to test the supply at the 1,750 – 1,800 resistance zone.
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