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Today's Scenario:
The market bounced just as expected and reached our weekly target zone around 30.46 ending finally at 30.824.Any pullback (which should happen now),would find support within the 29.76-29.24 zone.While on the contrary a breach of 30.96 would result in 31.46-31.80.
Note:The indicators are extremely overbought on multiple time frames signalling a PULLBACK.This does not mean the bounce is over there is more to come till the breakout zone 28.50-28.26 holds.
Happy Trading
The market bounced just as expected and reached our weekly target zone around 30.46 ending finally at 30.824.Any pullback (which should happen now),would find support within the 29.76-29.24 zone.While on the contrary a breach of 30.96 would result in 31.46-31.80.
Note:The indicators are extremely overbought on multiple time frames signalling a PULLBACK.This does not mean the bounce is over there is more to come till the breakout zone 28.50-28.26 holds.
Happy Trading
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