The Index at the Upper level has been consolidating on a 5min time frame, the consolidation has formed a good support zone for the index. Once the index closes below the support zone, we would advise to wait for 1more candle to close below the zone and if the second candle closes below the zone, a sell position can be initiated.'

The index trading below the mentioned level can lead the price to trade below the Ema, which in itself is a trading signal.

The RSI is following the price, RSI trading below 43 will be a breakout in the RSI as well.

Neth 25

Jan 10 2022