1. We have a pullback from XA leg at 38.2 fib.retr.
2. We have form a hammer right at 38.2 fib.retr.
3 We touch the lower border of an ascending channel
4. We almost touch the 200 EMA & 200 MA- If we had not form the hammer we will wait for a touch.
So we buy above the high of todays close at 9673
at we sell at 9786 50.0 fib.retr of down leg
stop loss below today low at 9525
2. We have form a hammer right at 38.2 fib.retr.
3 We touch the lower border of an ascending channel
4. We almost touch the 200 EMA & 200 MA- If we had not form the hammer we will wait for a touch.
So we buy above the high of todays close at 9673
at we sell at 9786 50.0 fib.retr of down leg
stop loss below today low at 9525