Captain_Walker
Short

Trouble ahead in the Indian markets

OANDA:IN50USD   India 50
The Indian Markets are hardly every the topic of discussion on Tradingview. Most people look mainly for the DJI - cuz 'America is great'. For me, it don't matter; wherever there is an opportunity I'll pay attention. The Indian Market is in a precarious position right now.
I see some sort of expanding upward wedge . This can create probabilities for the north or for the south. More times than not my experience is that I've seen price collapse. The upper edges of these wedges suggest that price struggles to get there and is beaten back.
India's 14 year old Nihal Sarin becomes the youngest Chess grandmaster in the world on 1st June 2019. Third youngest in history. https://en.wikipedia.org/wiki/Nihal_Sarin (This does not mean I'm Indian! 😎)
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