- trend is up
- but markets closed in the red for 4 consecutive weeks
- swing low is at 10000
- this level is too far for SL
- we can consider 10850 as SL
- note that in past 2 years, weekly corrections have lasted for 8-10 weeks and more but have never resulted in a trend reversal
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijMeI1zLk223ytvr6zs1TOfI7IfUDliS_usSpPEDD2qk5lir5hZasi6XlXS3xujOzn-nSMhhQ8XhZ-L2McfuasUGTDMYTedS-FlhVJb8pARsqjxdzH2orV3p6FhVniJhZHOJRFZZB3mHJZ/s640/a.png)
Alternatively one can use kplswing with N=5 as SL
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi94aw9oQVdLKNixB1ljnUmfsk9MYmEcd-XZ4ngyXuYxNXgeX8jHLCssjoT5Yc6Qzx7OnKb6z7MtibhiWsxYLwcJGsxnBKjhHzAzxOv3dy9-q36D33jTF5iw7RyWG_e2fmMN7S4w0vLPznF/s640/a.png)
Or N=10
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinfJVQ5LQPBHv4OwWCCJAdGDkcOpd3CohaMptOo-TD5_6qxd7RznsREAU1OoWYOLpw84NPuhuwsnDotNBa_L-Nx0N2ckW0RfV3EqvNDuBy95W81fv2CRn2rkPMcV509vN_kDs3v4-znB0I/s640/a.png)
- but markets closed in the red for 4 consecutive weeks
- swing low is at 10000
- this level is too far for SL
- we can consider 10850 as SL
- note that in past 2 years, weekly corrections have lasted for 8-10 weeks and more but have never resulted in a trend reversal
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijMeI1zLk223ytvr6zs1TOfI7IfUDliS_usSpPEDD2qk5lir5hZasi6XlXS3xujOzn-nSMhhQ8XhZ-L2McfuasUGTDMYTedS-FlhVJb8pARsqjxdzH2orV3p6FhVniJhZHOJRFZZB3mHJZ/s640/a.png)
Alternatively one can use kplswing with N=5 as SL
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi94aw9oQVdLKNixB1ljnUmfsk9MYmEcd-XZ4ngyXuYxNXgeX8jHLCssjoT5Yc6Qzx7OnKb6z7MtibhiWsxYLwcJGsxnBKjhHzAzxOv3dy9-q36D33jTF5iw7RyWG_e2fmMN7S4w0vLPznF/s640/a.png)
Or N=10
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinfJVQ5LQPBHv4OwWCCJAdGDkcOpd3CohaMptOo-TD5_6qxd7RznsREAU1OoWYOLpw84NPuhuwsnDotNBa_L-Nx0N2ckW0RfV3EqvNDuBy95W81fv2CRn2rkPMcV509vN_kDs3v4-znB0I/s640/a.png)
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