As you can see from the charts, I have simply pointed out the previous candles which was again formed yesterday on one day chart. Powerful reversals had been started after this candle in the past. Although, it is not guaranteed that such candles always lead to reversals, but this definitely seems to be a bullish trap until it crosses 12000. Until then I would day trade rather than going Long and Holding for few days.
One more thing I would like to point out is yesterday's candle failed to cross the line which I have drawn from the December's top. (I don't know if this counts or not)
I may be right or wrong. So please make your own decisions and view it as education material and not to make trades.
My earlier two analysis proved to be right, so I hope to be right this time too and continue with my 100% track record.
One more thing I would like to point out is yesterday's candle failed to cross the line which I have drawn from the December's top. (I don't know if this counts or not)
I may be right or wrong. So please make your own decisions and view it as education material and not to make trades.
My earlier two analysis proved to be right, so I hope to be right this time too and continue with my 100% track record.