Monthly Bar - Current Month showing sign of an inside bar as on April 9th.
Weekly Bar - We had an inside Bar last week and this week there is an upward breakout from the inside bare.
Daily Bar- HH (Higher High) trend, we had a pullback at 17143 and now if we break 21462
I have drawn a rectangle box, which can act as a consolidation zone.
Breakout and continuation above 21462 one can expect those emotional gaps down that we had in the downward move.
Failing to breakout can pressure further downward move or consolidating act.
I consider this as an emotional downward move with Multiple emotional gap down days. The actual impact of financial recovery is unprecedented, it may as well as have strong bull run from here.
Interestingly this correction was not related to an economic crisis per se. Said that the actual impact of the economy and recovery phase is still unclear.
The disruptive crisis looks like the new paradigm of living going forward.
Weekly Bar - We had an inside Bar last week and this week there is an upward breakout from the inside bare.
Daily Bar- HH (Higher High) trend, we had a pullback at 17143 and now if we break 21462
I have drawn a rectangle box, which can act as a consolidation zone.
Breakout and continuation above 21462 one can expect those emotional gaps down that we had in the downward move.
Failing to breakout can pressure further downward move or consolidating act.
I consider this as an emotional downward move with Multiple emotional gap down days. The actual impact of financial recovery is unprecedented, it may as well as have strong bull run from here.
Interestingly this correction was not related to an economic crisis per se. Said that the actual impact of the economy and recovery phase is still unclear.
The disruptive crisis looks like the new paradigm of living going forward.
Trade active:
Not a convincing breakout.
If BNF enters back into the rectangle box next week, BNF can test all the way to 16117 the other end of the box
If BNF enters back into the rectangle box next week, BNF can test all the way to 16117 the other end of the box