Morning sessions bounce was expected to do following channels:
Yesterday Charts:
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Today's Update:
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If not channels I expected at least the 34 Hr EMA to be tested but it didnot do even that--- in fact it returned from a TL which I had failed to mention yesterday:
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And continuing with yesterday's excerpts:
Q
------- as per Harmonics if 0.886 gets breached then 1.13 and 1.27 become the next targets and so 5664 seems to have come under threat as 5699(0.886) got breached:
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Yesterday Charts:
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Today's Update:
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And continuing with yesterday's excerpts:
Q
------- as per Harmonics if 0.886 gets breached then 1.13 and 1.27 become the next targets and so 5664 seems to have come under threat as 5699(0.886) got breached:
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UnQ
Today's update:
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Other charts of interest are:
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The new price- low made today has left the MACD and RSI-14 behind, both in Daily and Hour Charts, indicating that downmove is losing steam--- whether a reversal occurs from 5625/5580 remains to be seen
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Fresh shorts/old shorts should be created/continued only if the positive divergence disappears at these levels---- 5625 and 5580
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