Hello Traders,
the impact on finance markets of the Ukraine-Invasion“ was to expect! The slope of he decline may surprise one, but this is the consequence of a market, that is „over-valued“ since many weeks!
We have tried to look for a bottom for India Stocks, and today's decline brought not more clearness to one or the other side.
Someone might think, the „triangle“ should be eliminated, but to my view it is not.
The shape o fit just changed, possibly!
Anyway. NIFTY50 close to my target-range @ 16178; today's close @ 16247 is just „tics“ away! This should be a price range which is in the cards for Future- and over-night sessions tomorrow!
Here, we have to check again what should be next for N50!
The „impact“ for the next move has changed.
From the behavior of US-markets over to the political side! And this is, in my view, impossible to predict!
Have a great week….
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
the impact on finance markets of the Ukraine-Invasion“ was to expect! The slope of he decline may surprise one, but this is the consequence of a market, that is „over-valued“ since many weeks!
We have tried to look for a bottom for India Stocks, and today's decline brought not more clearness to one or the other side.
Someone might think, the „triangle“ should be eliminated, but to my view it is not.
The shape o fit just changed, possibly!
Anyway. NIFTY50 close to my target-range @ 16178; today's close @ 16247 is just „tics“ away! This should be a price range which is in the cards for Future- and over-night sessions tomorrow!
Here, we have to check again what should be next for N50!
The „impact“ for the next move has changed.
From the behavior of US-markets over to the political side! And this is, in my view, impossible to predict!
Have a great week….
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!