Head & Shoulder from Oct 2013 to March 2014 (Market TOP consolidation) gave a warning of possible top, with the GAP down on 31 July marked the end of long term uptrend (Green channel)
The price is engaging in mid-term downtrend channel (Red) and there is a possibility of short term uptrend channel
now running into a resistance, if it breaks up, high chance of filling the gap to 55.2, else price will be heading south!
The price is engaging in mid-term downtrend channel (Red) and there is a possibility of short term uptrend channel
now running into a resistance, if it breaks up, high chance of filling the gap to 55.2, else price will be heading south!
