Hi Saint,
With Friday and Monday both being up days,can we say that we are going to see new highs?
Your comments would be greatly appreciated.
Shashank
Hi Shashank,
Primary Uptrend is still in Bull territory......If you are an intermediate player looking to trade the longer term trend,this decline on the weekly charts is a buying opportunity.....which doesn't mean you call up your broker and buy first thing tomorrow morning.
For now stand aside,get ready to plunge in soon......looking all the more juicy if this forms a higher pivot low here.
But stay out if we fall below 3657 and make new lows confirming an intermed dntrend.........So,for now ,it's a stay out of the present volatility mode.Unless if you are a nimble trader,then these swings up and down is lots of money in the pocket.If still new to the game,stay out of these ups and downs......and get ready to latch on to the move when the market is ready to make its move.
All the best,
Saint