HI guys good morning the above chart is by dear rcg ji and is showing u the limit of breakdown for a likely small retracement till proven to be large..chart is adequately illustrated...
- OK folks now as i told u to join shorters the moment it breaks below 5100...it did so and bounced from 5084 and closed at 5118..u must be thinking that i have given u wrong analysis....no not at all ..infact as u see that the white channel in the above chart has been broken and after that prices went up to retest the lower channel line..which is a basic phenomenon..thats why i did not give a stoploss for that trade....
- Now if we close below 5080 2day or even breach 5055 then surely go short without hesitation for initial target of 4997...lets see what kind of indicators i get 2day for further targets....well as i explained yesterday these waves in the flat rectangle are moving in 3 waves each and the middle wave does either a 38% retracement or 62%...good luck..
HI guys good morning the above chart is by dear rcg ji and is showing u the limit of breakdown for a likely small retracement till proven to be large..chart is adequately illustrated...
Great to see you using Zignals charts! I have added your link to our facebook page.
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And to our specialist chart page
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Best wishes,
Declan
Community Director, Zignals
thank u very much sir...and let me extend my heartfelt gratitude to you and the team of zignals for providing us with such a portal..regards..
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