Markets have been trading in the above FALLING CHANNEL last few daysas shown in the above intraday chart making lower highs/lows.in the process, literally unwinding on cue at every rise...The chart is self explanatory, follow the pattern, just remember any close below 3300 will invite unwinding..enjoy the day..cheers.Thursday, April 23, 2009
FALLING CHANNEL.
Markets have been trading in the above FALLING CHANNEL last few daysas shown in the above intraday chart making lower highs/lows.in the process, literally unwinding on cue at every rise...The chart is self explanatory, follow the pattern, just remember any close below 3300 will invite unwinding..enjoy the day..cheers.
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