The index is heavly over sold and in a serious down trend since beginning of Jan 2020 almost 41% down from the Jan peak! i see a pin bar on a weekly chart. Have we reached bottom? may be we can see a solid green candle to say that short term uptrend or a retracement is in progress....i wish to see the index to resume uptrend very soon ...very soon above 200 ema. Lets keep a watch, i you have any ideas on this please do share with me. Happy trading !
Note
yes we can say we are progressing as per todays closing.Note
the week closed in read, so the previous pin bar is invalid we look for a volatile week ahead and mostly we in bears market till the whole thing settles down.Note
with todays close, we can say that market is trying to go higher up again. Lets keep a close watch on the market as there are many opportunities as the market goes up. Longs are coming up!!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.