Some bounce expected.
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Clear divergence between price and oscillator.
This is four hourly chart.
stochiastic is in overslod condition.
It is not essential that divergence only confirms buying immediately.
The on going wave is C wave..which should consists on five waves,
In daily time frame it is not visible.
we will check hourly chart later.22137 is important level.
As long it holds that bouncing to 22349,and there after 22427 is possible.
how ever if it is unable to sustain above 22137 next down side level 22011 will be opened up.
if this post helps you like this post .follow me to get updates.
This is four hourly chart.
stochiastic is in overslod condition.
It is not essential that divergence only confirms buying immediately.
The on going wave is C wave..which should consists on five waves,
In daily time frame it is not visible.
we will check hourly chart later.22137 is important level.
As long it holds that bouncing to 22349,and there after 22427 is possible.
how ever if it is unable to sustain above 22137 next down side level 22011 will be opened up.
if this post helps you like this post .follow me to get updates.
Nota
Nota
Gap offered resistance.
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Penafian
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