Have to be patient.
Either it goes down to test the Rising Channel and take support from there. In such situation i plan on adding longs with SL at the low of this consolidation.
Other scenario calls for extreme bullish movement. If it does not fall to test the channel at all, and directly breaches the swing high then we can expect a breakout and good rally to get the market back to 9000+ levels.
Either it goes down to test the Rising Channel and take support from there. In such situation i plan on adding longs with SL at the low of this consolidation.
Other scenario calls for extreme bullish movement. If it does not fall to test the channel at all, and directly breaches the swing high then we can expect a breakout and good rally to get the market back to 9000+ levels.
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