The most conspicuous take-away from today's price-action was-- Bearish Harami( once again)--
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And as usual it needs confirmation by next day's candle. Details of Bearish Harami can be well-understood from following link Investopedia.com/bearishharami
Some other interesting observations are:
Daily Chart
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Hour Chart
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5 min Chart
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Bearish Harami on the day of a very important event and negative divergence in Hour charts are good indicaters of market starting on retracement of 5477-6019 ; but confirmation of such retracement having begun would come only below 5911( the low of 2/5/13) and 5867(starting point of last subwave of upmove).Till then all shorts should be hedged.
The above illustrated 5min chart pattern contains the probability of a revisit to 6000+ zone in following way:
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Some other interesting observations are:
Daily Chart
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Hour Chart
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5 min Chart
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The above illustrated 5min chart pattern contains the probability of a revisit to 6000+ zone in following way:
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