The market is definitely moving on the sentiment right now, without a proper fundamental backing. The fear of trade war.
I am expecting we might see some rebound near 24250.
In summary, we might be late to short as we have potential rebound on the card.
Press "like" and Follow for accurate and free trade signals.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
The upside may be a slow grind as the market is totally spooked by the recent sell down.
To Be BUllish again, it is better for a bullish weekly bar in the next week for show up.
It still go slight lower for a swing thou.
DO not long with tight SL. it is a sure way to get wiped even if you are in the correct direction eventually.
We have a strong NFP data, and the fear of trade war seems to have worn off.
The index has finally shown its true intention and "it will use 24260 as a good base" to launch bullish moment.
I am expecting it will go to test 24,800 level soon.
A Nice +300 pips run as per our previous analysis.
Now we had a strong Bullish Candle is it is likely to inch up further.
I want you to be cautious now as we are entering into decent resistants regions of 24,850 level.
Get ready to take the money off the table if needed.
I will update again.
Press "Like" and "Follow".
We have a nice +1000 point massive profit TP1 hit.
We will take much of our profit now.
This is where it shall go.
It may go up higher to the next level/region of 25800.
* Long-term bullishness is still intact.
* Currently, it is at hard resistant. It may swing back down for a while.
Verdict: Wait at the better support levels such as 24850 (or) 24760, to long.