- 38.2% Fibonacci retracements of the rise from 4770 to 6112 @ 5600
- Potential of series of Head & Shoulder patterns in play.
- ADX in strong trending phase. Daily MACD in sell mode.
- 200 Day SMA @ 5550 =~ Previous Nov lows @ 5548
- Unfilled gap range is 5530 to 5440 (also coincides with 50% Fibo @5447)
- Weekly chart that was mailed to friends on Feb 22: Uploading here just for educational purpose - Chart clearly shows the start of MACD Bearish crossover which means more downside.
No comments:
Post a Comment