Tuesday, September 30, 2014

The larger 4th wave correction is unfolding...

BN is on a "bounce mode" from 15168..
There are resistances @ 50 dsma-15595-15607, followed by week pivot @ 15683 & 50.0% retrace @ 15720 and so on...
Weekly trend has turned down and this being a truncated week, 3 days action will be packed into one single day...today..
As long as a trade is initiated at or close to key resistances or supports, managing them would be fairly easy..

1 comments:

Raghavendra on September 30, 2014 at 8:09 AM said...

Thank you Ilango sir..for your untiring efforts to guide your students.

I wish your life is continuously filled with good health and peace.

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