Hello Everybody.
The market played really nicely to the analysis from Monday. Now we will probably see price pushing down to the levels I drew earlier. These levels were mentioned in the previous analysis. The price will most likely now come down to 11334 IF the centre channel line is broken. if that happens nothing it stopping it going down to levels of 11236- 11138. Bare in mind we will have many pullbacks if market does come down so do wait for these pullbacks. Also if price decides to go up from here then I would like to see a break of this channel. Break of this channel up can break a major trend line on the daily time frame which may change the dynamics to the trend from bearish to bullish!! We will wait and see how this plays
The market played really nicely to the analysis from Monday. Now we will probably see price pushing down to the levels I drew earlier. These levels were mentioned in the previous analysis. The price will most likely now come down to 11334 IF the centre channel line is broken. if that happens nothing it stopping it going down to levels of 11236- 11138. Bare in mind we will have many pullbacks if market does come down so do wait for these pullbacks. Also if price decides to go up from here then I would like to see a break of this channel. Break of this channel up can break a major trend line on the daily time frame which may change the dynamics to the trend from bearish to bullish!! We will wait and see how this plays