Bull market will run until the last fool has bid up the price of a security up to its maximum price.
Once done,there are no greater fools willing to pay more for the security.
Therefore, the bull run is over and the index must decline.
Now coming to today's analysis , I have drawn a key on the weekly chart
Also to note is that the body of the candle is becoming smaller & smaller leading to a .
Hence in the present scenario, & as per the theory - i will wait in the side lines and wait for market to decide
Obviously the momentum has reduced , hence wait and let the market show us the way.
So, if you liked this fools theory & if you are not a fool ; you can click on the above "Like" button to support me !
"it takes courage to make fool of yourself ".....
Could you please post on this chart.
actually i was inspired to write this post after your comment on kinnari post
hope you understood this post
any doubts - you can ask me...
This post is not to make millions but to protect the billions.
hope you will inspire me to write more on posts like these
That is very high praise
thanks for the compliment
i shall try my best
though there are time constraints