Hi friends the weekly chart shows with a strong probability an uptrend of this market with the vigilance of reversing towards the opposite direction
it is just my personal reading for the GNRI which could be wrong or right.
Bump and Run Reversal Top ( PARR ) pattern could be stablished previously and during next couple of days >>>>> Bump stage expected to be started within a week to 10 working days from Now.
As a price moves up and down on charts, it encounters “barriers” along the way. If a barrier acts like a floor and keeps the price from dropping any lower, then it is known in trading terminology as support. When it acts more as a ceiling and stands in the way of upward moves, it is called resistance... Source:bforex
Insyaallah, MA50 x MA200 should cross soon. Will give us the 1st golden cross since Feb...indicates the underlying strength.
Butterfly rules said AB must be 78.6 Deep Crab rules said AB must be between 38.2 to 61.8 until now is Butterfly is going to go down more to be Deep Crab or not /