The negative divergence seen in Daily and Hour Charts is not getting reflected in price action so far where the bias remains negative but fall in prices is not significant and occuring with hiccups---
We are seeing the current move as Either:
.png)
which is having following EW labels in its background:
.png)
And currently the above can be seen as:
.png)
.png)
.png)
And in view of the form taken by today's price-action, following Probablilty has gone into background:
.png)
(though ideally it would become invalid only below 5988)
Thus for next two days, price action would be occuring in 6045-5975 zone and then depending upon the RBI policy, further patterns would take shape.
We are seeing the current move as Either:
.png)
.png)
And currently the above can be seen as:
.png)
.png)
.png)
And in view of the form taken by today's price-action, following Probablilty has gone into background:
.png)
Thus for next two days, price action would be occuring in 6045-5975 zone and then depending upon the RBI policy, further patterns would take shape.
No comments:
Post a Comment