Downtrend Line resistance ... with MA200

This short term up move as the correction seems to be over now - hitted 200DAY MA last week. Downtrend line has been tested again yesterday. Now we should see next down move , close the GAP and move forward lower.

If next down wave will be equal the previous one ( red price range arrows ) the Target will meet around 8580pt.

SL above 11055

Good Luck !