Hi
As seen on the chart, we seems to have completed 3 waves forcefully and today we might complete the 4th Wave.
It could be max 50% - that is till 16700...but could also complete near 16590 or 16440 approx.
So we will look out for shorting opportunities around these levels.
This can go till next week.
We are still not out of the bearish zone.
Its sell on rise
As seen on the chart, we seems to have completed 3 waves forcefully and today we might complete the 4th Wave.
It could be max 50% - that is till 16700...but could also complete near 16590 or 16440 approx.
So we will look out for shorting opportunities around these levels.
This can go till next week.
We are still not out of the bearish zone.
Its sell on rise
Comment:
Market Trading near 16700 - for quite some time...SGX suggesting 16900..but better to watch tomorrow...overall structure is in downtrend...we will have lower targets in coming days for sure....any bounce is a good opportunity to sell