APOLLOTYRES, I believe the worst is left behind now.
Had a corrective 5 wave fall on higher time frame, now doesnt look like its falling any more, Unless there is some unaccounted news (which obviously is always a risk in the markets) It will continue to rise.
Yesterday there was volume buying, today its showing a 61.8% retracement and holding it so far. I cannot guarantee about the Time-To-Targets, but I strongly believe that it should stay above the cmp. A sl mentioned on chart should be maintained.
Note, This is not a recommendation. Do your analysis and calculate your individual risks/
P.S, not my regular zone trade.
Yesterday there was volume buying, today its showing a 61.8% retracement and holding it so far. I cannot guarantee about the Time-To-Targets, but I strongly believe that it should stay above the cmp. A sl mentioned on chart should be maintained.
Note, This is not a recommendation. Do your analysis and calculate your individual risks/
P.S, not my regular zone trade.
評論:
*Also, the 5 wave correction is on weekly.
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