So the "pregnant lady" (literal meaning of Harami) failed to deliver again.
However,previous day's low was broken and till the previous day high (i.e.6000)is not broken ,I wd say tiredness persists. Whether this tiredness gets converted into weakness or gets a booster dose and we jump-over the descending Trendline joining 6339 and 6112 --I cannot say as yet.
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In Hour Charts also the palpable tiredness of Monday (manifested by trendline break after discernible negative divergence) has been negated as 5/10 Hr EMA bearish cross-over got converted into bullish cross-over
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On 5min chart an important trendline got breached but other channels are showing resistance at 5990 levels
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And if indeed we get restricted to 5990 then a wolfe(developing as yet) may bring us down to 5900 levels
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And an attempt to draw Harmonic Pattern on Price-action tells me that if we donot remain below 6008, we may attempt to test 6030,6043
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Thus important levels to watch tomorrow are 5990, 6008 and then 6030,6043.
I have started intraday updates from today on FB group and those interested may visit the link INTRADAY UPDATES wherein today's choppy moves in the small range were very well caught by the wolfe-waves.
However,previous day's low was broken and till the previous day high (i.e.6000)is not broken ,I wd say tiredness persists. Whether this tiredness gets converted into weakness or gets a booster dose and we jump-over the descending Trendline joining 6339 and 6112 --I cannot say as yet.
.png)
.png)
.png)
On 5min chart an important trendline got breached but other channels are showing resistance at 5990 levels
.png)
.png)
And an attempt to draw Harmonic Pattern on Price-action tells me that if we donot remain below 6008, we may attempt to test 6030,6043
.png)
I have started intraday updates from today on FB group and those interested may visit the link INTRADAY UPDATES wherein today's choppy moves in the small range were very well caught by the wolfe-waves.
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