All the index has experienced a relative selloff recently.
So what will this bounce up be, a retracement or trend continuation?
If it reversed at 4480 (white line), then it's a retracement and we can expect to see more selloff in the upcoming weeks..likely to reach 4200 area.
If this rally continues all the way to 4500 area (green line), then the bulls are back in control!
Time will tell and price will show!
Trade safely & invest wisely!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
So what will this bounce up be, a retracement or trend continuation?
If it reversed at 4480 (white line), then it's a retracement and we can expect to see more selloff in the upcoming weeks..likely to reach 4200 area.
If this rally continues all the way to 4500 area (green line), then the bulls are back in control!
Time will tell and price will show!
Trade safely & invest wisely!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.