The recent bounce from low gave everyone hope that the correction was over and the skies were clear again for longs but in the past one week, things started to unravel again. pretty badly. When the dust settled, one began to notice that a Head and Shoulder formation was in the making and things are looking pretty precarious at the moment.
Erring on the side of bearishness for now, especially should we have a close below the neck line which currently sits at about 12750.
Don't try to pick bottoms too early.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Erring on the side of bearishness for now, especially should we have a close below the neck line which currently sits at about 12750.
Don't try to pick bottoms too early.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)