As I gave in my analysis yesterday today we can see the price touched the 1790 level and is still moving uptrend. However, as marked in the circle whenever the price tries to go beyond 1790 level the rejection gets higher and you can see this from the length of candle/spikes. As I suggested the price has to pull back to levels below 1780 to take a decision for sideways/up/down before it completes peak 4.
For now the levels still remain same 1796 and 1775. We can see a strong reversal if price reaches near any of these levels. Only very high volume can help us break these two.
Today expect the market to test the 1792 or 1794 levels and wait for short opportunities. However keep eye on volume too. If there seems to be very high volume when price reaches these levels we have to wait and enter only after momentum ends.
For now the levels still remain same 1796 and 1775. We can see a strong reversal if price reaches near any of these levels. Only very high volume can help us break these two.
Today expect the market to test the 1792 or 1794 levels and wait for short opportunities. However keep eye on volume too. If there seems to be very high volume when price reaches these levels we have to wait and enter only after momentum ends.
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