So one of the options mentioned yesterday got played out.
Yesterday's post:
So now se have a Wolfe-wave (marked in red) and a SHARK pattern playing out
SHARK,as illustrated in the chart, has its boundary pegged in 5973-75 zone.
So again from these levels we are likely to see a fall to 5900 levels in followinng way:
Alternatively the same results can be seen as --first developing of a H & S (inverted) pattern and then breaking of trendline to move upwards:
And this whole process may consume Friday and Monday.
Yesterday's post:
So now se have a Wolfe-wave (marked in red) and a SHARK pattern playing out
So again from these levels we are likely to see a fall to 5900 levels in followinng way:
Alternatively the same results can be seen as --first developing of a H & S (inverted) pattern and then breaking of trendline to move upwards:
And this whole process may consume Friday and Monday.
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