SENSEX rally finally coming to an end?

Short

Indice S&P BSE Sensex (BSE:SENSEX)

Aggiornato

BSE:SENSEX Indice S&P BSE Sensex

trendanalysis chartpattern indicator sensex sensexanalysis bse nse

See the reaction at the lower line on the rising wedge. Once we break down we have two targets on the chart. A better entry could be the top of the wedge if you would like to sweeten the Risk-Reward ratio. I believe we will make a lower low. This rally doesn't make much sense and at these levels, I much rather be sitting in cash rather than hoping that the bubble will go on.

Commento:

Sensex hit the top of the rising wedge. Now against major resistance. Very nice risk-reward as I said and it retraced exactly from the top of the wedge.

Commento:

Once again top of the wedge

Trade chiuso: stop raggiunto:

Money printer go Brrrrrrrrrr

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