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.
Note that a downward adjustment to March 2019 total nonfarm employment of -501,000 was made! See here at US Department of Labour Statistics https://www.bls.gov/web/empsit/cesprelbmk.htm Get real news, not fake news!
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