Recover Lost ground on Friday...
Been quite boring since Monday with no crazy wicks down , anyways at present its bounced from the 200 day on the 30 min chart and 10569 support level .
Market sentiment does get affected with other markets bleeding , so worse case scenario we tag 10350 and resume upwards.
I feel the next 2 days are going to be bearish and looking forward to Friday which will have a lot of buyers stepping up to get "value" deals and we will have a big green bar to go into the weekend
bullish for next week.
My initial optimistic target of 11300ish looks like ain't happening but still optimistic for 10930 so shall pick up some stuff over the next 2 days .
Lets see if we loose 10569 tomorrow let it go.... IF we go further down and happen to loose 10350 then its then its time to flip bias and short since it will cause a cascade of sorts .
Market sentiment does get affected with other markets bleeding , so worse case scenario we tag 10350 and resume upwards.
I feel the next 2 days are going to be bearish and looking forward to Friday which will have a lot of buyers stepping up to get "value" deals and we will have a big green bar to go into the weekend
bullish for next week.
My initial optimistic target of 11300ish looks like ain't happening but still optimistic for 10930 so shall pick up some stuff over the next 2 days .
Lets see if we loose 10569 tomorrow let it go.... IF we go further down and happen to loose 10350 then its then its time to flip bias and short since it will cause a cascade of sorts .
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