....
strength sustaining above the 9-day range could invalidate ET argument. In such a case, the better label for last week’s pause would be “x”, which would turn post-Brexit rally into a Double.
And, on one higher degree, the entire post-Brexit rally consisting of the Double Combination would be considered as “a” leg of the larger 2nd Corrective which opened after Brexit.
All in all, watch the 9-day range as a crucial zone in the Expiry week. Strength sustaining above the range would continue the rally, but top of “B” would be the next crucial level to determine the variation of Expanding Triangle applicable.
Read more at http://content.icicidirect.com/ULFiles/UploadFile_2016725104610.asp
strength sustaining above the 9-day range could invalidate ET argument. In such a case, the better label for last week’s pause would be “x”, which would turn post-Brexit rally into a Double.
And, on one higher degree, the entire post-Brexit rally consisting of the Double Combination would be considered as “a” leg of the larger 2nd Corrective which opened after Brexit.
All in all, watch the 9-day range as a crucial zone in the Expiry week. Strength sustaining above the range would continue the rally, but top of “B” would be the next crucial level to determine the variation of Expanding Triangle applicable.
Read more at http://content.icicidirect.com/ULFiles/UploadFile_2016725104610.asp
No comments:
Post a Comment