The monthly chart has confirmed completion of a 5 wave impulsive move and price action continues within a rare and complex expanding triangle formation.
The bearish engulfing candle on this chart will be confirmed in the next 48 hours.
The daily chart shows a head & shoulders formation with prices currently testing the neckline.
A clear break and close below this neckline (25190-25200) will confirm negative sentiment and initiate a short position with a stop at 26000 and target of 23725 area
The bearish engulfing candle on this chart will be confirmed in the next 48 hours.
The daily chart shows a head & shoulders formation with prices currently testing the neckline.
A clear break and close below this neckline (25190-25200) will confirm negative sentiment and initiate a short position with a stop at 26000 and target of 23725 area
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