Week of 5th May
Room for more downside.
Target around 1230.
Can be shorted on bounce if any.
22nd Apr
Has probably completed the correction.
Stopped short of full correction at 1242.
Heading up to complete the target of 1368 and 1430.
17th Apr
Micro Count
Looks heading for 1237 with 1st stop at 1272.
4th Apr
Trading this pattern is simple.
Short with SL above previous High.
Target 1243 or Lower Support Lines.
Room for more downside.
Target around 1230.
Can be shorted on bounce if any.
Hourly
22nd Apr
Has probably completed the correction.
Stopped short of full correction at 1242.
Heading up to complete the target of 1368 and 1430.
17th Apr
Micro Count
Looks heading for 1237 with 1st stop at 1272.
Hourly
4th Apr
Trading this pattern is simple.
Short with SL above previous High.
Target 1243 or Lower Support Lines.
Added on request of a visitor.
Note : Approximate intersection of the bottom support lines is around 1237.
1 comment:
Hi Bulls Eye,
Can you please clarify where the trend lines intersect? Not clear from the chart. Thanks very much!
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