trap or trend

٢٧ أغسطس ٢٠٢٢

five waves and then a good rally … Then what next ? As per the theorists the market may make a move to 18250-18400 or it may move down from here or may become trading range 16800- 17800 for the next whole year

٣٠ أغسطس ٢٠٢٢

ملاحظة

long only after 17948 till then market is in bearish mode .... todays buying can be seen as the power move into the resistance which may make a trap and then selling to new low... hence be cautious....

١٤ سبتمبر ٢٠٢٢

ملاحظة

market made the break out to 18000 levels but the break out is not clear as the breakout is gap up movement. Hence this may fail. avoid long positions