Was waiting for a dip in the morning to go long but that dip didnot come and as the Hour candle breached the descending trendline, I could say that 5555-5544 indeed had become a support and boarded the longs bus---
There was tentativeness in 5625-5640 zone and in 5 min charts there was a Price-momentum divergence that prevented me from going full throttle long ---- but as 5640 got breached there was no looking back.
As mentioned in yesterday's post, we are currently in Yb which has to go above 5755 but remain below 5972 ---
To me, the most probable destination for this Yb would be testing the median illustrated in chart below:
And what form this upmove 5477 to median will take is anybody's guess----
5610-5625 is a good support zone now and any dips near to this zone should be used for creating longs for tentative target of 61.8% retracement to (5972-5477=495)=306=5782
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