If you are reading this at this time, your are lucky, walk with me.
Why did the market stop at the 15,639.19 region and didn't head for the 13,863.14 area ? And why did the market break through the roof of the 19,891.99 region ? Why? As technical analysts, we must ask questions and observe. Can we say the bent line is an invisible step the market is respecting ?
We cant just neglect this buildups like there don't matter. We can also see how the market has respected this move twice in the past and we are currently on it for the third time. Just like the saying goes repetition is made or emphasis.
I will let you be your own judge. Check my related post for more clarity.
Why did the market stop at the 15,639.19 region and didn't head for the 13,863.14 area ? And why did the market break through the roof of the 19,891.99 region ? Why? As technical analysts, we must ask questions and observe. Can we say the bent line is an invisible step the market is respecting ?
We cant just neglect this buildups like there don't matter. We can also see how the market has respected this move twice in the past and we are currently on it for the third time. Just like the saying goes repetition is made or emphasis.
I will let you be your own judge. Check my related post for more clarity.
