3 days of selling or profit taking to take off some heat. The last daily candle is bullish, closing above 21EMA. Bulls continue, bears retreat.
Comment:
boom. Did you follow ? Beware, it is reaching the 3423 level , a previous resistance. watch out for pullback
Comment:
a pin bar pattern may means that bulls are tired climbing the ascending route up. They probably need a rest , graze some grass and have a massage before hiking up once more. Buy on dips
Comment:
we are taking some profits off this index as we are of the opinion it has gone quite a lot after surpassing the 3300 psychological level. With one more month to go before 2018, we expect it to consolidates or retrace a little as the big boys are off for their holidays and closing their year end accounts.
We are still bullish on this index and will accumulate on dips going into 2018. Put this in your watch list !!
We are still bullish on this index and will accumulate on dips going into 2018. Put this in your watch list !!
Comment:
watch out , it hits resistance level now. Likely to retrace.
