Will today's bounce sustain

We feel that the bounce which may start with today's gap up might sustain because:-

1. Price has reached very close to the important support zone of 16730-16980

2. Trendline support of the expanding triangle is also near by

3. RSI Divergence if materializes if green close happens today

4. EW structure looks complete - only condition is a green close

If the bounce sustains for short term, we will be keenly watching price behaviour near the blue zones marked.

Good Days Ahead!

Kommentera:

First target zone reached

Cheers!

Time to trim positions

Kommentera:

Second Target zone achieved...

We will be closing our trade around 18050-18100 as the move is now looking overheated...

Cheers!