Current price: 11138
Key point: 11200
Our preferred direction: selling positions below 11200 levels, targeting 10986 as the first target, then 10863 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 11200 level, targeting 11350 levels
Technical commentary
On the daily frame, the TASI indicator is moving in a downward direction below the resistance levels 11200. It is possible for the index to rise as a correction to the resistance levels and then fall to the support levels 10863-10986, which correspond to the 200 moving average, the Harmonic pattern, and AB=CD.
