ASI
Updated
After making a weak bearish divergence, ASI is being currently pulling back. 9480 will be a vital point for bulls to hold back for reversal.
Note
ASI failed to hold support level 9480 and crashed through to the structure. Currently being held at a fib support as indicated in the chart..we can expect further strong support at 9050-9100 range if bourse take another step back ! however Below 9000
investors has a risk of losing the trendline.. keep an eye
Note
While expecting market to take a stepback at 9150-9180 range, and get supported. I expect ASI to make bullish divergence to be made and recover at the later part or Early next week. RSI already showing early signs of Bullish divergence being made at 1hr 2hr tfs. However holding above 9050 at any given moment is vital to continue the current rally
Note
We have come to the critical zone, i am updating 3hr chart for more clarity chart shows clear support at current level. Worst comes i expect prices to have a quick visit at 9113 and get supported on trendline and bounce. not that below 3hr time frames there is Bullish divergence and fibonaci 0.5 support as well..
We watch!
Note
Simple update.. broke out retested 3hr bullish divergence worked :))
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