Trade plan is buy once it makes lower high or else buy around 93-98 area if it takes support there. targets are 150 and 200
Bullish Idications:
Marubuzu candle
Divergence of RSI
Last Downdtrend Reversed from 221 Trading Days (current cycle completed 217 Days)
Took support at 0.78% of Fib Level
Support level at 112-115 respected.
Bearish Indications:
Making Lower Lows
Trend Line Resistance
Last 10 years 6 times january was negative.
Strong Support at 93-98 area.
Bullish Idications:
Marubuzu candle
Divergence of RSI
Last Downdtrend Reversed from 221 Trading Days (current cycle completed 217 Days)
Took support at 0.78% of Fib Level
Support level at 112-115 respected.
Bearish Indications:
Making Lower Lows
Trend Line Resistance
Last 10 years 6 times january was negative.
Strong Support at 93-98 area.
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