Trendline :
Today's high falls exactly at the trendline making it now 4 points touching the trendline seen , making it a strong one .
This trendline can act as strong resistance on monday .
On monday if we see prices breaking this trendline and trading above it then , this line will act as strong support . And if we open below this and stay below , then chances of price going down .
Moving Average:
We have just closed below WHema ( 5072) .
In Day/Hour TF it is trending phase as we have closed above High ema s
Looking at EW will help . I will work on it .
This trendline can act as strong resistance on monday .
On monday if we see prices breaking this trendline and trading above it then , this line will act as strong support . And if we open below this and stay below , then chances of price going down .
Moving Average:
We have just closed below WHema ( 5072) .
In Day/Hour TF it is trending phase as we have closed above High ema s
Looking at EW will help . I will work on it .
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