All of you would have noticed by now that I write a fresh blog-post only when I feel the pattern discussed is either getting completed or getting changed.
Regular updates are available on FB group http://www.facebook.com/groups/jackpottrades/ .
My previous post had this illustration:
.png)
And although last :few days of price-action has not negated this probability, it has given rise to an alternate probability as well
.PNG)
And it looks still more prominent on Daily Chart
.png)
A tick above today's high of 5880 can, therefore be taken as a decisive breakout -- otherwise we may continue to slide down to sub-5760 before starting a fresh upmove.
Regular updates are available on FB group http://www.facebook.com/groups/jackpottrades/ .
My previous post had this illustration:
.png)
.PNG)
.png)
A tick above today's high of 5880 can, therefore be taken as a decisive breakout -- otherwise we may continue to slide down to sub-5760 before starting a fresh upmove.
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