Football is down and broken the Symmetrical Triangle properly and now its trying to hold its support of 655. If it did not hold 650 then it will retest 565 again. Football can't break its resistance of 750 and triangle to upside as well. I have already mentioned in last chart that it can retest 750 area and if it cant then it will go down do retest it main support of 655.
Now its trying to go up and there are chances that it can try to retest 690 - 700 again and after that it will go down otherwise It can go down without any retracement as well. Right now 700 is its main resistance for further upload but if we see the over all market scenario then its showing clearly downward movement. We need to see its last support of 616 very closely and if it breaks then we will see new low very soon.
Right now Still 692 - 750 is its strong resistance which has less chances to hold it because if you see the last few candles then there is less chance that it can go up and over all market is also dumped. But try to grab the profit and exit. Then wait for an other good entry point because Football move is very fast as compare to others.
Football has tested 990 multiple time and there are lot of chances that it can go very low before any further upward movement. You can see double top of football at 990 which means new low will be very soon.
In long time frame its looking bearish to me and hoping for new low but remember its move is very fast either on upside or downside.
Day Chart
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Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Now its trying to go up and there are chances that it can try to retest 690 - 700 again and after that it will go down otherwise It can go down without any retracement as well. Right now 700 is its main resistance for further upload but if we see the over all market scenario then its showing clearly downward movement. We need to see its last support of 616 very closely and if it breaks then we will see new low very soon.
Right now Still 692 - 750 is its strong resistance which has less chances to hold it because if you see the last few candles then there is less chance that it can go up and over all market is also dumped. But try to grab the profit and exit. Then wait for an other good entry point because Football move is very fast as compare to others.
Football has tested 990 multiple time and there are lot of chances that it can go very low before any further upward movement. You can see double top of football at 990 which means new low will be very soon.
In long time frame its looking bearish to me and hoping for new low but remember its move is very fast either on upside or downside.
Day Chart
------------
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!