LOOKING TO SHORT THE MARKET AT 1400 LEVEL IF REVERSAL PATTERNS FORM
I WISH TO SEE A HEAD AND SHOULDER PATTERN BEFORE SHORTING THE MARKET OR SOME REVERSAL PATTERNS FORMATION ON 5000.00 LEVEL OR RESISTANCE ON TRENDLINE WHICH IS ALSO ANOTHER INDICATION THAT THE MARKET WILL FALL OVER THE RISING CHANEL . GOOD LUCK TRADERS.
THE MARKET HAS BEEN BEARISH FOR THE PAST TWO DAYS AND NOT AS SEEN IN THE CHART THE MARKET IS PRINTING A PULLBACK WHICH WILL FORCE THE MARKET MORE ON THE DOWNSIDE.
The market is either going to rally upwards and break the monthly downtrend or fall to the down side of the trend. I personally think that there is a high possibility that it is going to fall
If the price breaks above our resistance line we are to take a buy entry on the green line if it declines the red line could be a perfect sell entry
If the market moves and hit our green horizontal line there two probabilities that m8ght occur. 1. Resistance and falls or 2. Rise of the market making higher highs