September 15, 2016

Market outlook

Daily charts:
- trend is up on daily charts
- high chances of reversal
- immediate support 8600-8500
- price behaviour at above levels important




5 min charts
- markets trading in tight range
- difficult to do anything unless one is trading 1 min charts


2 comments:

  1. - high chances of reversal * regarding this reversal high chances on downside or upside? pls advice thankyou

    ReplyDelete
    Replies
    1. Since trend is up reversal all mean on the downside.

      Confirmation will mean break of recent lows... Till this happens trend is up.

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