I see a lot of articles where traders are trying to draw all possible lines and diagrams to justify their particular trade, and unfortunately they are all trading against the trend and forcing markets to go the other way round.
Unfortunately markets are currently going down and we should be hitting 1875 region before any substantial correction, I am short from 2028 and have moved trailing to 1950.
If market has to break 1875 we will be back to the consolidation zone between 1875 and 1678. Long term market will do a correction towards 1422.
@yazeedalshrouf00, maybe u didn't read what I wrote, I am already sell, and I will not risk buying for few pips here and there, you could probably buy around 1875, if market do break 1950 then we are heading to 1975. Currently its not the best place to trade, wait for fomc and see where the markets will head
Corporategeorge3
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@ShivkumarMenon, Even with technical analysis price will do what it does, you can’t predict it either.
We will see if you are right.
ShivkumarMenon
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@Corporategeorge3, I wrote an article about "predictions" sometime back, when u get time please read it. Do eliminate "predictions" from trading. I will never debate about my views on the markets as its purely driven by algo and mathematical calculations and I always tell fellow traders to use the stops. Thank you