Time: 7.36 A.M. / GM+2 / 18th Mar, 2018 –Sun.
In our previous post / 532 / we had forecast the trading range will be between 7.30K and 8.70K, the intraday high was 8.36K, and the low was 7.53K.
And as we said in our last update:
"Another push down toward 7.55 K is expected to mark the end of correction and beginning of upside move".
The 7.55K level was tested, there is no volume, its just the pre effect of G20 summit but aftermath, a jump to the upside is expected.
Hold your breath, A jump from 7.5K to 8.6K is expected, followed by 9.4K. As I believe, an aggressive buying pattern will take start around the bottom 7.50K.
Note; Clear break below 7.362K ( Close to 78.6% Fibonacci retracement ) will cancel our forecast.
Support : 7300.00 level (Major).
Resistance : 8700.00 level (Major).
Expected trading for today:
is between 7300.00 support and 8700.00 resistance.
Expected trend for today :
Slighty Bullish
Medium Term:
Bullish.
Long Term:
Bullish.
The low of 2018:
5947.00 / IHS Bottom.
The high of 2018:
25000.00 level / Expected.
Thanks For Reading..
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If You are New in Trading --> Read Trading Education Center / Volume I.
What You Know About --> Fibonacci Retracement in Trending Market.