It may fail to wear SPX6900 at $ 1.42, confirming the declining shift star-news.press/wp

SPX6900 has recovered from support after a sharp drop, but now faces severe resistance. Failure to restore 1.42 dollars can confirm the transformation of the full, deep, deep, negative, negative aspect.

After printing the highest level ever, the SPX6900 (SPX6900) has seen a significant decrease, less than the lowest levels in advance and nullifying the bullish market structure. The current bounce, despite aggressive, tests a thick meeting of resistance levels, indicating that this step may be a declining test rather than a real reflection.

Main technical points

• Black market structure: Low down and bottom is now low in place after breaking the direction.
• Critical resistance at $ 1.42: Control point, 0.618 fibonacci, alignment of the high time frame level.
• The risk of full auction circulation: The low value area is the next goal from the negative side.

The loss of the high low structure is a major technical transformation for SPX6900. For weeks, Action Price maintained a clear export trend, printing its lowest levels, respectively, on its way to the highest level ever. But the last decline broke this sequence, which constitutes a new decrease and turning the trend into the Habboudia region.

The current bounce again paid the price to the $ 1.42 resistance area, which is a level of technical importance. This is not only the level of resistance to the high time frame, but also corresponds to the current trading control point and the Fibonacci 0.618 fell from the last decline. Together, this strong convergence is that the price should be recovered even to start rebuilding the upscale momentum.

Without a clean break over this area, the current price procedure is explained as a declining re -test, which is a common technical reaction after the collapse of the market structure. This scenario increases the possibility of a continuation to the negative side, as the low value area operates as the next main goal.

If this auction rotation is completed, this will confirm the transition from the upward trend to the developing downward trend, with low levels of highlands and low declines of the new structure.

In addition to this, there is great inefficiency and liquidity that has not been tested below the current price. These areas often act as a magnet, which leads to a low price before any continuous reflection. This increases the possibility of moving down unless the bulls can defend critical levels in any re -test.

What can be expected in the next basic procedure

SPX6900 is traded in the resistance or fracture resistance area. If the bulls regain $ 1.42 and turn it into support, it can install the direction.

However, the failure of the above collapse is likely to confirm the re -test and leads to a move towards the low value area. Immediate support sits at $ 0.97 and must be carried to prevent more negative acceleration.