The selloff we have seen since September highs has looked impulsive in nature and would imply a meaningful top is in place for a rather long time. Here since we broke the January lows at 69.2 confidence as increased to the underlying change in trend.
I would recommend considering adding downside exposure on the current bounce for a test of the lows. Targets for this retrace come into play at 66.9. Watch for signs of a base forming around 66.9 - 66.2. Any break below here will open up 61 for a huge swing.
Best of luck all those positioned or actively building swings...the room is open for those wanting to share ideas here in the comments!
I would recommend considering adding downside exposure on the current bounce for a test of the lows. Targets for this retrace come into play at 66.9. Watch for signs of a base forming around 66.9 - 66.2. Any break below here will open up 61 for a huge swing.
Best of luck all those positioned or actively building swings...the room is open for those wanting to share ideas here in the comments!
Comment:
Wins for incumbents in India
