THE DECLINE CONTINUES
The market failed to recover and continued its decline. Liquidity decreased compared to the previous session, indicating that profit-taking supply was not as strong as in the preceding session but still put significant pressure on the market.The decline has quickly brought the market back near the 1,600-point support area, which is also the MA(20) line and the lower boundary of the upward-sloping price channel.
It's expected that this area will provide good supportive momentum for the market in the next trading session and help the market rebound to continue its process of retesting the 1,665-point resistance area in the near future.
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