The price is the upper band of a trading channel in the Daily Chart and a powerful bearish AB=CD ( or N pattern) has formed on the upper band of the channel and it is accompanied by a Rejection bar. we will expect selling pressure
As long as the market keeps holding below 4819-4859 on a closing basis we remain bearish biased on this market.
As long as the market keeps holding below 4819-4859 on a closing basis we remain bearish biased on this market.