October 24, 2015

  • Month shows a possible doubtful candle forming if price closes around the current levels. With few sessions to go this may change as well
  • Weekly shows  negative divergence which resulted in fall from 1200 levels to 1100 this may resume if the divergence persist. Sideways move may nullify the effects of divergence. 
  • The up trend line from 540 levels continue to hold. No bigger weakness in chart till this line holds.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore