This concept is called polarity reversal.
We need to change counts & be careful of key levels- our key level was 108.80 -which worked really nice & I even said that unless 108.80-108.75 is taken out- we cannot have a bias.
Downside 109.75 can act as support in current scenario which was prior swing high.
What is polarity reversal
Earlier Resistance turns its role into Support or Support acting as Resistance
Connection with previous update- iii-wave is yet to complete & likely will push to a new high, but keep in mind about the zone 109.80-109.75- key zone for us
Holding 108.80- Bulls came back in UJ
I love Green Candles -Do You Love It?- Protect your profits & enjoy the weekend.
Likely a pullback to the zone 110.40-110.50 staying above 110.35- key level & critical level-110 - we will hold for new highs beyond 11.84
UJ moves up from close by above key email@example.com
Its Midnight. Have a nice weekend
Likely holding for a new high in the range 111.10-11.20 with 110.35 key level & critical level-110
Booked Profits @111.10 as expected on 19th Nov2016 - Update@00:02 Hrs
Raising the firstname.lastname@example.org- Going above 111-111.05 shall be looking for 111.30-111.40 zone
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ