BNF trade plan for 8th June
Updated
DOW gave some real good rally on Friday and ended up hitting a resistance zone and BNF followed the trend by rallying upside in last 45 min of Friday trading.
If DOW doesn't fall drastically on Monday morning, we may see good GAP UP opening for BNF
have plotted BNF upper resistance from GAP opening perspective if BNF GAP opens above 21575 , we may see upside taking it to next Fib levels , but if BNF GAP opens less than 21500 we may see a reversal. How sharp that reversal would be lot dependent on DOW behaving Monday morning
will update before market open based on DOW position
Happy Trading
If DOW doesn't fall drastically on Monday morning, we may see good GAP UP opening for BNF
have plotted BNF upper resistance from GAP opening perspective if BNF GAP opens above 21575 , we may see upside taking it to next Fib levels , but if BNF GAP opens less than 21500 we may see a reversal. How sharp that reversal would be lot dependent on DOW behaving Monday morning
will update before market open based on DOW position
Happy Trading
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