BNF weekly analysis
0)On October 2nd week , BNF opened completely gapdown at 43900(monday), due to fear of war.the next day, the market opened a gap up closed above 44400, and again moved to 44700 and respected the previous resistance. but Friday's sell-off came and closed below 44300 and closed below last week's low.
For the October 3rd week, we can expect some sell-off if BNF closes below 44200.
the ranges will be
neutral range :44188 to 44444
upside range:44444 to 44688
downside range:44200 to 43756.
These ranges are taken out from monthly weekly and daily chart analysis.
For the October 3rd week, we can expect some sell-off if BNF closes below 44200.
the ranges will be
neutral range :44188 to 44444
upside range:44444 to 44688
downside range:44200 to 43756.
These ranges are taken out from monthly weekly and daily chart analysis.
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