The structure it self is quite explaining as ending diagonal , and the price is weak with in the structure , Expect one more drop before strong turn around
for Equity traders you can look to enter on price drop as you can always benefit of small accumulation
for Futures trader wait for complete reversal in order to enter , this has one more move up so wait for it
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
It has completed its Bullish Harmonic Alt Shark and is showing signs of reversal. A bounce back till 108-110 is possible provided it does not go below 99
BEL
