Hi Traders. The market is still downtrend, let's check the trend with the pivot point levels, the price should bounce on S1, and then it will try to reach the PP, bouncing on it, and then it might hit on S1 again and break it going down to reach S2. If the price doesn't break at S1 down up, it might go again to PP and break it going up, so the market might show a tinny uptrend, possibly reaching R1. But it doesn't mean the market is in an uptrend. To get the beginning of an uptrend the prices should hit at least the last higher high, 13,554.00
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume, Pivot points Levels. Intraday Strategy. MACD
R3 14,242.97
R2 13,642.77
R1 13,252.93
PP 13,042.57
S1 12,652.73
S2 12,442.37
S3 11,842.17
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume, Pivot points Levels. Intraday Strategy. MACD
R3 14,242.97
R2 13,642.77
R1 13,252.93
PP 13,042.57
S1 12,652.73
S2 12,442.37
S3 11,842.17