"Yesterday I also mentioned that in a downward weekly pattern there is a possibility of 1 UP day. that 1 UP day occurred yesterday.
A bearish pattern is a continuation down the next day.....
Market is back around support and trading around the Risk filter:- therefore the rest of today is defined by the Risk filter and support levels as shown...
Basically:- below 5583 and the bias is the continue down (trading below monthly 50% level and 5-day lows of the previous day."
Thursday continued the pattern of a weekly trend down with price tradinh below 5583 and following the 5-day pattern into the 5-day lows @ 5528, and once again finding support....
- Daily Trading Set-ups & Analysis
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