MARKET ANALYSIS: The has reached the support zone after the bearish butterfly pattern. Now we may expect a new down trend if the market breaks the support level. As earthquake has hit NZ so lets wait and see what the market does in the coming days. Cheers!
Komen
amozb
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Hey brother, don't you think a possible H&S is forming on the Daily though? Waiting to break before shorting :) Cheers
Kishore
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@amozb, Hello bro, I did not check that. But still the market has broken the support level. I think its safe to wait and trade, after it retests the broken support level. For a good selling opportunity. Cheers!