Market Opening: Gap down
Overall Structure: Downtrend
Sentiments: Negative continuation
Global Fear & Greed: 15% (Extreme fear)
Decision: Probabilities of Trend Reversal
Go for Short Covering, Short Buildup
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16600, 16800
Average range: 16400-16500
Support: 16200, 15900
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P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.
Overall Structure: Downtrend
Sentiments: Negative continuation
Global Fear & Greed: 15% (Extreme fear)
Decision: Probabilities of Trend Reversal
Go for Short Covering, Short Buildup
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16600, 16800
Average range: 16400-16500
Support: 16200, 15900
--------------------------------------------------
P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.