Market Opening: Gap down
Overall Structure: Downtrend
Sentiments: Negative continuation
Global Fear & Greed: 14% (Extreme fear)
Decision: No-trading day
Sell below 16450; Buy above 16750
Observed Bullish Pennant/falling wedge, So expecting a bullish rally after sustaining the critical hurdles between the above mentioned levels
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16700, 16800
Support: 16500, 16300
--------------------------------------------------
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: 14% (Extreme fear)
Decision: No-trading day
Sell below 16450; Buy above 16750
Observed Bullish Pennant/falling wedge, So expecting a bullish rally after sustaining the critical hurdles between the above mentioned levels
Levels:::::::::::::::::::::::::::::::::::::::::::
Resistance: 16700, 16800
Support: 16500, 16300
--------------------------------------------------
P.S: *Identify the zone, Follow the trend direction, Trade after trend confirmation.
**Quotes for knowledge purpose only & Ideas are subjected to market risk.