The market has the potential for a further decline to support level of 8000.00 . This level is formed by the rising trendline strong support area . If the price breaks through the level 8500.00 and falls below the signal reversal from the support zone will provide an opportunity to purchase. For the further development of the uptrend it is important to remain above the trend line. If the price falls below the support zone we shall see a fall to levels 7500.00 and 70000.00.
Another level for purchase may be higher than the previous maximum swing. But this will be possible if the price will rebound from the level of 8500.00. When the market will move above the level 9200.00, we will receive a confirmation of the uptrend. We will be able to join this movement based on the signal of the breakout.