Close 5363
HHema 5376
5Hema 5367
Hlema 5360.
Hour trend is down
DHema 5366
5Dema 5348
Dlema 5322.
Day trend is UP...
We have closed below day high ema , suggesting correction may continue till 5348 , anything more would be weakness,
For looking to take a long : prices should not fall beyond 5360-20 = 5340 lvls, I will watch for prices to close above 5367.
For shorts , If prices close below 5Dema ( 5348) and they might continue to correct further till DLema.
-ve divergence persisting in both hour charts and day charts . ( shows bearish possibility)
HHema 5376
5Hema 5367
Hlema 5360.
Hour trend is down
DHema 5366
5Dema 5348
Dlema 5322.
Day trend is UP...
We have closed below day high ema , suggesting correction may continue till 5348 , anything more would be weakness,
For looking to take a long : prices should not fall beyond 5360-20 = 5340 lvls, I will watch for prices to close above 5367.
For shorts , If prices close below 5Dema ( 5348) and they might continue to correct further till DLema.
-ve divergence persisting in both hour charts and day charts . ( shows bearish possibility)
Channels ;
While the hour channel was broken , day channel holds .( shows bullish possibility)
Either day channel gets broken or the divergence negates .
Tomorow being friday , week trend should be taken into consideration which is clearly Up presently. 5319 being WHema.
No comments:
Post a Comment