The index is heavly over sold and in a serious down trend since beginning of Jan 2020 almost 41% down from the Jan peak! i see a pin bar on a weekly chart. Have we reached bottom? may be we can see a solid green candle to say that short term uptrend or a retracement is in progress....i wish to see the index to resume uptrend very soon ...very soon above 200 ema. Lets keep a watch, i you have any ideas on this please do share with me. Happy trading !
Comment:
yes we can say we are progressing as per todays closing.
Comment:
the week closed in read, so the previous pin bar is invalid we look for a volatile week ahead and mostly we in bears market till the whole thing settles down.
Comment:
with todays close, we can say that market is trying to go higher up again. Lets keep a close watch on the market as there are many opportunities as the market goes up. Longs are coming up!!