STEP BACK
The market was hindered at the 1,725 zone and declined slightly below the MA(150) at the 1,715 level, while simultaneously forming a Bearish Harami candle signal. Liquidity decreased compared to the previous session, indicating that supporting cash flow is cooling down after two sessions of efforts to bolster the market.The Bearish Harami signal warns that the market's technical recovery has temporarily halted. Furthermore, the market is likely to retreat in the near future to retest the supporting efforts of cash flow.
If, during this retest, cash flow maintains its support and effectively absorbs supply, helping the market establish a new equilibrium zone, then there will be an opportunity for a new uptrend in the future.
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